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.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays