Editor's Note

With yields at a 15-month low and dropping investors are wondering, why buy? The yield on the 10-year fell to 2.37% and brings the potential for a real inversion that much closer. The yield on the 2-year is 2.22%. An inversion of the 2/10 is the real recession indicator but only if it holds for a month or more. A temporary inversion is just a warning sign. The equity markets are running scared and with the S&P futures down -14 tonight we could be in for a rough day on Thursday. There is always the possibility for a reversal and short squeeze but the yields would have to reverse first. There is no reason for us to try and launch a new position in an unstable environment.


New positions are only added on Wednesday and Saturday except in special circumstances.


No New Bullish Plays


No New Bearish Plays