The good stock-picking that we've seen for a while has been drying up.
The yield has been in a downward trend since early November of last year as price has increased.
It does not look like this rally in Treasuries will last.
When you hear someone say that a curve inversion 'predicts' a recession, what it really means is that bond traders are 'predicting' a Fed rate cut.
Friday's big decline hasn't sparked much of a change in investor sentiment so far.
Here's a way to fade the bond move, which I believe is an overreaction.
This yield curve inversion has been a useful leading indicator of a recession, but what really matters is whether it is a signal we can profit from.
Markets where the Russell 2000 outperforms are healthier than those where it doesn't.
Taken together they create a worrisome picture, one that can explain why it wasn't just the banks that fell on the inversion news.
The question to ponder is whether the problem Friday is a longer-term issue or not.