Lets See What Kind OF "Miracle" They Pull Off This Time.

From Greg M

Lions and friends…

Today the entire yield curve has inverted even more.

***An inverted yield curve has preceded every U.S. recession since the 1950s.

Moreover, the US 10yr Yield has spiked to 3.85%

With that, the (click) MMRI has SURGED! Now just 3 points away from what has proven to be the “first line in the sand” at 250. (Keep your eyes on the MMRI).

EVERY SINGLE TIME that the MMRI has gotten close to 250 as of late, over the past several months, A MIRACLE HAPPENS! Suddenly A tremendous amount of debt buying occurs and the 10yr yield along with the MMRI drops. (This is clearly The Federal Reserve buying debt).

Lets see what they pull off this time.

GM