I wanted to give you an emergency update here on what's happening right now in the bond market that is signaling

whatever we want to call it crisis disaster collapse hard landing

It's definitely not signaling a soft landing. I'd tell you that.

This is unprecedented move.

The two-year Treasury yield today is down by almost 40 points,

40 basis points.

I mean, this is absolutely massive.

So let's go over to CMBC and check out

what caused this move, but more so kind of connect the dots on what these bond yields are telling us

about what we should expect in 2024 and how the stock market is completely and totally misreading this.

So let's start right here.

If you didn't hear the news, the Fed kept rates steady.

But what was amazing is they indicated that they're all likely this is according to the Federal Reserve

There'll likely be three rate cuts coming in 2024 now these are 25 basis point. I think there'll be a lot more than that, but this is huge that the Fed is actually not acknowledging that yeah, we're most likely going to cut.

So this would be considered very dovish,

which is one of the main reasons why the 10-year Treasury yield tanked.

And I say one of the main reasons,

because I think the biggest reason

is because what the bond market is signaling

is not necessarily that the Fed's going to cut rates.

It's signaling why the Fed is going to cut rates. It's signaling why the Fed is going to cut rates. I think the

bond market, if you look at the inversion, has been signaling that we're going

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