The 1 year note is higher than 2 and 5 year notes. The 10 year note is about to invert versus the 1 year note. Last February I predicted that a rate inversion was going to happen. We are most likely headed to new all time lows for the 10 year note and possible the 30 year bond yields. As I stated many times, beware of cheerleaders in government talking up the stock market. Most sectors are in a deep bear market. Energy is continuing in a secular bear market with oil drilling stocks getting completely wiped out. The retail wipe-out is just getting started. The few places to hide for equity investors are utilities, telecom, and pharma. Individual bonds of companies with good cash flow will do fine. CDs and treasuries will be okay. Bond funds on the other hand will continue to under-perform due to their low yields and exposure to industrial, energy, and retail.