Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran

Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran Larry McDonald, a former Lehman bros. trader, said bonds yields are starting to resemble their set-up during the summer of 1987. Bond yields are starting to deliver “equity-like returns” and it’s bad news for the stock market, according to former Lehman Bros. trader Larry McDonald. He said in a episode of The David Lin Report podcast that he is seeing parallels between the current landscape and the months before Black Monday, or the stock-market crash of 1987.

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