Investor Implications of the China Reserve Requirement Ratio Cut

Two year treasury yields, since their highs earlier in March are about 120 basis points lower in yield. So they're down to about 3.8%. And that's because Fed rate highs have been priced out. People are putting their money in short term, short term treasuries. Credit has definitely been impacted and P is off about 2.5% from the highs. The NASDAQ, which is obviously the US technology index is basically at the highs. It hasn't corrected at all up until Thursday's close. so equities I don't think is reflecting what is being reflected in certainly rates market - there's higher chance of a recession here. We may even need to cut interest rates