Dow Blows Through Key Levels, Down 700 As Yield Curve Re-Inverts

“This is starting to get serious” one veteran trader calmly stated to us this morning and with The Dow now down over 700 points and the yield curve re-inverting, someone better start paging Larry Kudlow to save the world…

Crashing through its 50-, 100-, and 200-DMA…

So much for “constructive” talks…

As the yield curve inverts…

Remember this is the spread that The Fed said was the best indicator of recession.