Savvy Trades and Investments

[wadegarret]

Super dovish fed should be red flag

Investors eat it up, but it's dangerous. I mean the US treasury yields got trampled after hearing Powells even more dovish stance. The 2 year(as of tonight) has gone down to 2.40 %, 5 year 2.33%, and 10 year 2.53%. So the 2 & 5 year spread has widened to a year high of .07%, while the 2 & 10 year have tightened to a year low of .13%.

I am amazed to see futures up tonight, as if this super dovish fed will keep US markets rallying, despite downtrending leading economic indicators, and markedly slower global growth ! I personally wouldn't touch this market on the long side right now, except for maybe a super quick trade