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One Chart Tells it All Boys and Girls: We’re Going Downtown

This is going to be one ugly market today ladies.

To say I’m being dramatic can only be highlighted by this one chart, no, not the NASDAW, not Nvidia or Apple, not even the VIX.

When the 2-10s un-inverts, all hell will break loose as there will not only be a large amount of selling on the long end, but the acceleration of the 2 year yield to 3.50% will happen at light speed. That is how far behind the Fed really is.

Buckle up, it’s going to be a wild day.

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