20190323-yield curved just flipped-All Seeing Indicator update

Jsnip4（All Seeing Indicator Update）:

It dropped 13 points as I mentioned last night and is in the neutral area for the most part. It only dropped one single point this morning. The thing we have to keep remembering is that each time it was in that extreme overbought area in the past, it did ultimately go back down to extreme oversold and we still have not had that happen yet. So like I keep saying, this is why I'm waiting still to get back in. Even if the market does a little rally here or there or just continues to go sideways. One of my woo woo friends thinks $4500 is coming before the dump back down to $3500 but I am going with the indicator so I remain out. While BCH is now $165 I await the dump to get back into it.



Daily Reckoning（Deadly Accurate Recession Warning Flashes）:

-The bond market will let you know where the economy is heading, say the veterans.

Savvy economic analysts have always known the bond market is the place to look for a real sense of where the economy is going, or at least where the smart money thinks it is going. –Neil Irwin，NewYorTimes Economics Reporter


-The most import yield curve just flipped - 10-year Treasury yield slipped beneath the 3-month yield.


-President Trump’s chief economic point man Larry Kudlow said to keep a weather eye on the 3-month yield versus the 10-year yield:
“It’s actually not 10s to 2s; it’s 10s to 3-month Treasury bills. Very important.
-The 3-month and 10-year spread is the Fed’s preferred measure of the Treasury yield curve as it shows the strongest historical correlation between curve inversion and a forthcoming recession.
-According to Bank of America, an inverted yield curve has preceded recession on seven out of seven occasions over the past 50 years.  Only once did it holler wolf… in the mid-1960s.
-As mentioned, the yield curve last inverted in 2007 — if memory serves — immediately preceded 2008.
-“We’re going at least for a 40% decline from the S&P’s top,” warns Otavio Costa, macro analyst at Crescat Capital.
-But is an inverted yield curve an immediate menace, a stormcloud overhead?  It is not.
-History reveals the dismal effects of an inverted yield curve may not manifest for perhaps 18 months or longer.
-Eighteen months would place late 2020 on watch.

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