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News · Equities · MarketWatch · Thu, Sep 24, 2026 11:00 AM

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

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

OpenBook market desk: Bonds are starting to deliver “equity-like returns,” according to Larry McDonald, similar to during the summer of 1987.

Why this matters for multi-asset traders

The headline theme is "Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran". We reframe the story for readers tracking equities, FX majors and crypto liquidity - without copying the original wording.

Watch related price action on OpenBook movers and treat this note as information, not investment advice.

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This briefing was summarized with automated tools from public reporting by MarketWatch and is general market information, not investment advice. Editorial policy & corrections