We're likely to see a more fear in the market, see those spreads widen out again. Thingers wan be great buying opportunities. Maybe spreads won't widen out to the seven 800 we've seen in past recessions. But i'd hold off here until it's a little bit more certain exactly that we've entered into a recession.
Bloomberg Intelligence Senior Transportation Analyst Lee Klaskow discusses FedEx suffering its biggest stock drop since at least 1980 after withdrawing its earnings forecast on worsening business conditions. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Metals & Agriculture Deputy Team Leader Joe Deaux share the details of Joe's Businessweek Magazine story Biggest US Copper Mine Stalled Over Sacred Ground Dispute. Bloomberg News Agriculture Reporter Elizabeth Elkin explains why a La Nina three-peat brings a $1 trillion risk to global economies. And we Drive to the Close with Brian Rehling, Head of Global Fixed Income Strategy at Wells Fargo Investment Institute.
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