Despite this being Trump's self-proclaimed "best economy ever," the market indicates otherwise with an inversion that's a classic recession warning. Via CNBC:
The U.S. bond market just flashed what could be its biggest warning yet of a coming recession, and it is not alone.
The spread between the 2-year Treasury yield and the 10-year yield flipped so that the 2-year was higher than the benchmark 10-year yield for the first time since June, 2007. Other parts of the curve have already inverted, but traditionally the 2-year to 10-year spread is the most widely watched by market players.
The U.S. 30-year bond yield fell to a record low early Wednesday, touching 2.015% for the first time ever, falling through its prior record of 2.08%. Yields across Europe fell, and the German 10-year bund touched a new low of negative 0.65%.
For 16 years, we've been warning people: Running government like a business always ends up with a crash.