The Crying Wolf Effect on the Market

The vast market majority is now coming to grips with the fact that the recession is very unlikely even if the bears will say oh it's just pushed off. After a certain point in time crying wolf loses its effectiveness and I think that's what's happening right now. In that scenario that's why the sentiment is increasing for the industrials for the energy stocks for the material stocks for the Industrials. As long as the yield curve is inverted the way it is you're hard pressed to get a wave of money going into cyclical areas of the market like pure on the economy cyclical side of things not into mega cap tech.