If US markets were to drop suddenly tomorrow along with GOOG, it would imply a truncation and ending diagonal.
Another day or so of bonds consolidating. The yield curve is so flat now with the increase today. The 1y yield is nearly equal to the 10yr yield. Why take a chance holding for 10 yrs when you can hold for 1? The market is signalling recession. If money rotates from stocks to bonds tomorrow, a yield inversion will trigger again, and maybe stick for a couple days.
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