Time to break down the best bet.
Equity markets marked time on Monday, mostly on light volume.
This market needed something to distract it from the inverted yield issue and deteriorating technical conditions, and AAPL is not going to provide it.
The economy, simply put, is the wealth of a country in terms of production and consumption of goods and services.
They are more seasoned than traders of any other asset class.
If the entire inversion was because everyone was horrified by domestic economic data, I'd be extremely concerned, but much of it can be explained by other factors.
You can't stop the rain coming down on this market until you get a host of people to realize there are bargains even if we have a big slowdown.
The market may be due for some consolidation at this point, but don't read too much into it.
The equity market is massively overpriced, and there are some serious recession risks looming with a Fed that is backed into a corner.
All this dot plot tells us is that there is a large majority within the Fed that favors staying on hold.