The One Chart That Shows How The World Changed In Q3

If you want to know what happened in Q3, it was basically this:

The yield on 10-year Treasuries plunged from over 3% at the end of June to below 2% today.

This represents a rapid downdraft in growth and inflation views, and a general spike in fear.

BTW: Remember how we got downgraded this quarter? Lol.

chart

For more on what happened on this ugly last day, see here >

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