CHART OF THE DAY: US 2-10 Spread Is At Lowest Levels Since 2000
07/26/22 08:12AM EDT
Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
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As you can see in today’s Chart of The Day, not many people who deliver you your morning click-bait have profitably risk managed either an inverted Yield Curve like this or a pending Profit Recession (like WMT just pre-announced):
- Yield Curve Inversion of 2006 didn’t last long because the curve steepened as the Fed went uber dovish (2008 recession)
- Yield Curve Inversion of 2019 didn’t last long because the pandemic happened (Fed went dovish, steepened the curve)
- Yield Curve Inversion of 2022 is the real deal – this is inverting at the fastest pace, ever, and ever is a long time
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