Investors Face Worrying Signs as Global Stocks Slip.

Stocks and US Treasuries fell as the second-quarter rally met resistance from economic headwinds and signs that positioning is overbought. The chemical industry led declines in Europe after Lanxess AG slumped as much as 15% on a profit warning, dragging shares of peers including BASF SE lower. Investors caught between fear of missing out and concerns markets have run too far, too fast are contending with overblown valuations and economic headwinds. The path of US monetary policy is another wild card. Federal Reserve Chair Jerome Powell will give his semi-annual report to Congress on Wednesday.