The growing trade war between these two countries China and the United States let the stock market and the bond markets go to hell. Stocks had the worst day of the year or the history on Monday as investors were worried a lot and sold off risky assets and get some United States Treasury Bonds to feel safe. The yield on the 10 years Treasury Bond, which moves opposite to the real price, momentarily broke below 1.6% on the day of Wednesday and before getting back to its normal position yesterday around 1.7%. Investors are now getting into this bond market and leaving the stock market due to this war between these two countries.
Now let’s get to the oil field where the market is also hot and the price of oil is high which is affecting the economic growth. West Texas crude oil fell below 51$ per barrel on the day of Wednesday before it is recovered to above $53 in the last two days. The shares of Hess Corp, the only oil and gas producer was down by approximately 5% in the last 5 days.
This week has been the worst week for the stock market and this has affected the economy badly and I hope the investors will heal again because they are now suffering from tensions of the stock market but it’s fun guys so you have to manage yourself.