What a Debbie Downer narrative this is on a +140 day. I’m like a macabre mortuary worker throwing ashes of the dead on people celebrating life, who are smiling in the sun and drinking champagne.
Nevertheless, the yield curve is flattening. I’m not just making this stuff up, you know.
For those of you new to this game, the tightening of the yield curve, the spread between the 2s and 10s, is a harbinger of doom. When it inverts, it typically means recession is on the horizon. Since the accuracy of this warning signal is almost flawless, it’s important to keep track of it when the damned thing is on the move.
It’s moving Gordo. It’s moving!
This is the tightest spread since 2007, one year before the world was almost destroyed by Lehman Brothers and the assholes at AIG.
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I don’t believe for a second the government controllers don’t have their fingers on the buttons right now. The patterns, the explanation(s), the logic. You guys are just pushing the buttons at the upper echelons of govt. [Important to point out, you see, when something is fake, meaning contrived obviously, (not meaning imaginary), because that brings perception closer to reality, tough job but somebody’s gotta do it] See, If, It, Lasts
Of course the Spread is this Ugly. Not sure who is buying this mess. OH OH, really good time to short Oil before the API data…looks like it’s going to be another big build and USD is holding up even with the Mutual Fund Monday Crowd being all silly.
Plus all that stupid gossip about Abe delaying the Sales Tax was just gossip. Long Yen would be a nice trade too at this point.
Isn’t this one reason for the Ark?
You’d think so, but TLT was down today.
The liberal redneck on transgender people and bathrooms.
https://www.youtube.com/watch?v=2y6LMbvTPFc
Clinton for the win!!