Cent I: Points and Cent

cent i: It was the ASX200's worst day since February 6, 2018, when the index lost 192.9 points, or 3.2 per cent, according to The Independent. I think we're in for a lot more pain for the months ahead, said Xchainge founder Nick Twidale, who said he stood by his prediction from after last week's two-day, 291-point sell-off that the market could lose half its gains for the year. The benchmark S&P/ASX200 index on Thursday tumbled 187.8 points, or 2.85 per cent, to 6,408.1 points while the broader All Ordinaries shed 186.7 points, or 2.8 per cent, to 6,490.8 points. Despite three weeks of losses, the ASX200 is still up 761 points, or 13.5 per cent, since January 1. The global rout came after investors poured money into long-term US bonds, dropping yields on 10-year bonds temporarily below the yield on two-year Treasuries for the first time since 2007.A similar yield curve inversion has occurred before each of the past seven recessions and investors pulled billions from global markets on fears it was signalling another. I think there could be a significant downside correction to come in the next month of so, Mr Twidale said, adding the only thing he saw that could boost the market would be a US-China trade deal. (news.financializer.com). As reported in the news.