Rate inversion again as predicted, right on top of the line I drew. Definitely a potential for things to get ugly. Be careful if buying the dip. All cash right now, and if I buy in, it's daytrading only.
Comment:
Here we go again....on my own,
Goin' down the only road I've ever known
Anyways, inversion.
Goin' down the only road I've ever known
Anyways, inversion.
Comment:
Market is pricing in rate cuts for the next 3 years, I think the market drops after every Fed meeting until they signal a willingness to cut rates. The market has a habit of throwing hissy fits when it doesn't get what it wants.
The inversion doesn't look like it's going away this time.
The inversion doesn't look like it's going away this time.
This could just be a double bottom, we'll see. Yields are getting ridiculously low, market expecting a rate cut.