RE:Crude Net Positioning MigraineCall, what could be the event that triggers a massive sell off in equities in general? How about the debt ceiling fiasco? If the US defaults on the debt, you haven't seen nothing on the regional banks credit crisis. Us treasuries is there lifeline and without treasuries holding value, a recession would get bigger and deeper.
A deeply inverted yield curve and oil in backwardation are not positive signs for the economy. One just needs to escape from their little bubble of optimism and hope and step into the reality that awaits the United States.
A recession is all but baked in and oil prices are heading lower.