The yield curve has been flattening gradually, but still isn't truly "flat", much less inverted, yet. That's usually a pretty good indicator of whether we're heading for a recession or not.
https://www.bondsupermart.com/main/m...d-curves-chart
My own read is that today's drop was one of those good-news-is-bad-news odd things that the market does sometimes in reaction to positive economic data (and its subsequent impact on interest rates). I'm fully expecting the Dow to be up 200-300 points on Monday morning, as it'll be seen as a buying opportunity. If we're flat or even a little negative again over the coming week, I'll be more alarmed, b/c that could mean we're off into "here be dragons" territory.
Bookmarks