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OF ASPIRIN STICK AROUND, MUCH OF THE MARKET ACTION WAS DRIVEN BY FED SPEAK AND THE MOVES IN TREASURIES SO ITS DIG DEEPER WITH KUMUA LETS TALK ABOUT THE TREASURIES. YOU HEARD PETER. HES GLOOMY AND WAITING FOR PEOPLE TO REALIZE THE EARNINGS PICTURE IS CRUMBLING, THINGS ARE NOT NECESSARILY AS GREAT AS THEY ARE. WHERE ARE YOU ON THIS? I APPROACH THE MARKET FROM A MORE TOP DOWN PROSERSPECTIVE ANI THINK I COME TO A SIMILAR CONCLUSION AS PETER HAD. MY EXPECTATION IS TWO TO TEN-YEAR FLD CURVE AND INVERTED TODAY TO THE EXTENT OF 90 BASIS POINTS THREE MONTHS TO TEN-YEAR HAS BEEN INVERTED THEY HAVE BEEN INVERTED FOR MONTHS THE TWO TO TEN STOCK WAS IN EARLY JULY THEY ARE FORECASTING A RECESSION. TODAY -- CAN I INTERRUPT FOR A SECOND? WE TALK ABOUT THE TWO AND TEN-YEAR AND INVERTED YIELD CURVES ALL THE TIME. I THINK THERE ARE VIEWERS THAT MIGHT NOT KNOW WHAT THAT MEANS AND ESPECIALLY AT 6:00 ON A FRIDAY NIGHT LETS BREAK THAT DOWN. EXPLAIN WHAT THAT IS GIVE US MARKET INTELLIGENC
