Smart money?
You mean that when the yield curve inverted a few months ago it predicted the recession then because it was so smart that it predicted this virus now a few months later?
Lol. Smart money. I’ll tell you what.
This virus is just a new recession-is-coming flavor of the year, and you’re falling for it.
When did the yield curve invert? There are some inverted segments, but it didn't fully invert and hasn't now. As a matter of fact IINM the 10-30 yr curve is slightly steeper now than it was a year ago. That being said, the entire curve is lower.
I might be falling for it, but so are some other people such as Mohamed El-Erian and others.
I didn't say I think it's time to short the market. I did say that it's a very risky time where I see more downside than upside potential, which is why I've moved into a larger cash position in my portfolios.
Though for some there are definitely opportunities in this market. High volatility is a gift for pros.
https://www.cnbc.com/2020/03/02/mohamed-el-erian-lifts-his-do-not-buy-the-dip-warning-for-pros-only.htmlHere's someone who might be saying something similar to you: