That’s sad ...just shows you how little I know about this Buchanan guy westerly refers to.
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nice bounce from the lows 70 pts sp500
US Yield doesn’t look that inverted to me
Sure, the 10/2 is more often cited ... but the 5/2 is already inverted - this is the reason I used this one as example.
Anyway - nothing is certain .. and the current downturn is anyway too early given the typical timelag to the interest rate inversion (6 to 18 months). Must be Trumpmade. One can't really rely on anything ...
BP
Maybe what I was trying to say yesterday is best said by guru aswathdamodaran
http://aswathdamodaran.blogspot.com/...ld-curves.html
The current role played by machines, (algo-trading) is excessive in the American market. We all understand that they react quicker than humans, but just like self drive cars there are some seriously dangerous flaws in the logic that blinds them to unusual circumstances. Flash crash is a warmup for flash annihilation.
https://www.cnbc.com/2018/12/05/sell...aboolainternal
The global stage is changing faster than the self centred restricted thinking mode displayed by other waning global players.
https://www.cnbc.com/hong-kong-macau...ilicon-valley/