The Dow was down over 600 points at one point today, thanks to a confluence of events.
Mortgage rates rose. The benchmark 10-year Treasury notes sold at the highest auction yield since 2011, this Wednesday, but demand for the $23 billion auction fell to lowest since February, suggesting the recent rise in global fixed income markets is failing to attract investors.
All that means is if you're in the market to refinance, you're probably going to see some higher rates.
The tariffs are starting to show signs of hitting high-end products, the strongest hurricane since 1969 is hitting the panhandle in Florida, oil prices are rising -- oh and Sears possibly is filing for bankruptcy. That's called the perfect storm.
Watch as we talk to London Bureau Chief Martin Baccardax about it all.
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