Curve a bit steep, stocks down but wait

Curve is back with a slope greater than a point, stocks down.  Goldman-Sachs us reaching its limit  on keep Congress funded and stocks rising.

Update:

Then the curve flattens and stocks drift. Slope is below a point (ten  minus one).  The range seems narrower and the debt pushers can't quite make the surplus. As if we are topping. 

This could be hurricane short term debt effects.  But the damage seems large enough that a one year of 1.40% seems to be near minimum for a quarter. Congress, getting squeezed. Stay tuned!

Update2:

'Hawkish' Fed Minutes Crush Yield Curve To Flattest Since Start Of Last Recession

Well, it could be the dovish goldman-sachs.  One might say the ten year is stuck, low. And, remember, these minutes were ante hurricane.

What is the proper thing for the Fed to do with the hurricane debt?  Raise rates, actually, as if the Fed wanted to tell everyone, suddenly, we got hurricane debt. Then lower rate a quarter hence when the swamp absorbs the debt, one way or the other.