The Mueller report is in

Special Counsel Robert Mueller’s investigation is finally done and no new indictments are planned. The report is sitting on the desk of new(ish) U.S. Attorney General William Barr, but we probably won’t get a full idea of what’s in it for a while. And even if President Donald Trump gets some form of vindication, he and his inner circle still face several probes that place them squarely in legal jeopardy.

Financial markets suggest the world economy is headed for a bad place. A closely watched section of the Treasury yield curve inverted for the first time in more than a decade, which means the Fed’s recent about-face on interest rates suddenly makes sense.