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GOT GOLD? Treasury Flash Crash Inverts 1Y-2Y Curve  =As one would expect, this was yet another of those “since 2008” events
Treasury Flash Crash Inverts 1Y-2Y Curve
Things are just breaking left and right in the market now.
Shortly after the 1PM stock market close (but before the 2PM bond market closure) we pointed out that the 2Y yield had flash crashed on what appeared to be a short seller capitulating violently. Well, something else rather remarkable happened in that brief spike in activity: as 2Y yield tumbled first below 2.58% and then below 2.56%, the 12 Month (1 Year) Treasury – 2 Year Treasury curve inverted suddenly, sliding as low as -0.02%.
As one would expect, this was yet another of those “since 2008” events, because the last time the 1Y-2Y curve inverted was during the panic of the 2008 financial crisis.
Posted by redneckokie1
@ 15:00 on December 24, 2018
things will get REAL serious. The oil & gas business is still going strong but if oil prices don’t start back up, another oil boom will go bust again. Farm prices are still depressed so things may really get bad.
Start looking for retail prices to fall and the drug companies are about to come under intense pressure to lower prices. I’m guessing a black market in prescription drugs is about to explode along with cannabis use.
The cannabis business in Oklahoma is exploding with legal medical use. I’m guessing after the initial boom, many will fail.
Merry Christmas to all. Party so hard that it takes two weeks to recover.
Ipso – scary thing about your chart is the 50 dma crossed the 200 dma to the downside – that’s not good right?? Meanwhile, most everything pm has either crossed or is about to cross the 200 dma to the upside….not that I’m a chart guy or anything…
MM – so glad we can say “Merry Christmas” again. Trump is good for something…
I’m sure there is too. Just know that the $DXY is down .43% but UUP is down 1.5%
I usually just track UUP but something is askew.
Regardless, good day for pm’s and a scary day for anyone in the SM. Not hard to believe the bankers are going to screw American shareholders once again, but really hard to believe it took the scumbags so long.
Too bad the American people have such short memories. Somehow I think this last SM collapse will stay with Americans for a very, very long time.
Posted by goldielocks
@ 14:12 on December 24, 2018
There’s other stocks that follow the dollar better than UUP just can’t remember their tickers right now in himd sight should of bought but probably will their still bullish. Trump isn’t but the fed is.
I’m glad thanks to Trump the economy is hanging in there although barely despite the current bearish market direction. Blue states aren’t feeling the effects like red states though with taxes and costs of living. Like vultures they are there digging in the pockets of any hint of raise in wages like the tax cuts. We pay about twic the amount for gas too like their charging people to work and DMV cost have went way up. A neighbor said one of her friends went to register her car and cost her 900 dollars.
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