We Are At The Pinnacle Of A Historic Bubble. At Any Moment, The Wheels Will Come Off.

Almost 60% of the US yield curve now inverted.
Canada is about 70%; Hong Kong is 80%!

Almost 60% of the US yield curve now inverted.
Canada is about 70%; Hong Kong is 80%!

We are at the pinnacle of a historic bubble.
At any moment, the wheels will come off.

Check out our latest macro presentation & letter below:https://t.co/PMj4hC1817https://t.co/aUcBOaxZhw pic.twitter.com/OExktiWcyy

— Otavio (Tavi) Costa (@TaviCosta) June 23, 2019

https://www.youtube.com/watch?v=yZrkQ2f6KgE&t=2s

Business condition surveys around the globe have been declining since the start of 2018. They are now at recession risk levels, even in the US.

The S&P 500 is in denial, as usual, at the top of the business cycle.

Read more in Crescat's latest letter:https://t.co/msQpMtLapY pic.twitter.com/FE6QTKuv3I

— Kevin C. Smith, CFA (@crescatkevin) June 22, 2019

🚨COT Russell 2000 Sell-Signal🚨
Speculators heavily sold at 1550
Same as Sept2008, at 720
By Mar2009 index was DOWN 50% to bottom at 339
SmallCaps exaggerate markets move
THIS WEEK Fed talking cuts told us recession risk is REAL#SmartMoney is showing the way$SPX $RUT #USD #BTC pic.twitter.com/7u3Hu6Ts0A

— Fernando Pertini (@DecodeMarkets) June 22, 2019

inflation expectations are plunging across the world pic.twitter.com/BhyvqFZCEv

— Alastair (@StockBoardAsset) June 23, 2019

ugly ugly pic.twitter.com/dV4S6i61AX

— Alastair (@StockBoardAsset) June 23, 2019

pray that trump and fed can turn cycle back up – if not, a shock is coming. pic.twitter.com/3cC2ncspVA

— Alastair (@StockBoardAsset) June 23, 2019