Renewed concerns of slowing global growth, in Europe in particular, sent stock prices and bond yields sharply lower on Friday. Friday’s report of weaker than expected manufacturing activity within the Eurozone, especially in Germany, sent stocks on the continent sharply lower and pushed the German ten-year bond yield into negative territory for the first time since October 2016. The selling extended to the U.S., as the S&P 500 fell almost 2 percent and the yield curve between the 3-month bill and ten-year note inverted, historically an accurate, although not infallible harbinger of recession. Cyclical stocks bore the brunt of the selling, led to the downside by materials, financials and energy. Asian stocks caught up to Friday’s weakness in Monday trading this week, as the Nikkei fell 3 percent overnight and the Shanghai Composite fell 2 percent.