Yields collapsing…
Time to buy a house?
At record lows, mortgage rates are still more than double 30-year yields.
This ratio has never been higher.
Last spike was during the worst of the ’08 meltdown.
Consumers being squeezed again ahead of a recession. pic.twitter.com/MuDWVZqinA
— Otavio (Tavi) Costa (@TaviCosta) March 2, 2020
US2Y yield is collapsing like it was 2007/2008
-20% right now pic.twitter.com/PMEVQb5y8L
— A.Urban (@AlessioUrban) March 3, 2020
Things you don't see at tops. https://t.co/NN3pa23p6X
— Sven Henrich (@NorthmanTrader) March 3, 2020
The yield spread between a 30-year mortgage and a 30-year US Treasury is the highest since 2008.
Although rates are dropping, it isn't reaching the end consumer. pic.twitter.com/GVqxB4YpoA
— Christopher Cole (@vol_christopher) March 3, 2020
Last 2 weeks, stocks ignored the severity of the outbreak.
Today, markets are clearly ignoring the lack of virus tests due to political reasons.
The selloff looks far from done.https://t.co/dRyalHNVDw
— Otavio (Tavi) Costa (@TaviCosta) March 3, 2020
The top 10 largest candle in terms of pervent change were all short squeezes in the bear market in 2008-2009 and 2002.
So, today is NOT short squeeze? or Yes, it is? https://t.co/TSEStscSMf
— Kerberos007 (@kerberos007) March 2, 2020