The hardening trade war and the pause in IPO easy money

Like yesterday, I have a few thoughts on the economic headlines below. This one is behind the paywall though and I am going to focus mostly on two topics.

Yield curve inversion

At its worst yesterday, the risk-off play saw the 10-year falling to 2.40%, marginally below the 3-month yield. As I write this, the inversion is still from 6 months to 10-years, w…