CHART OF THE DAY: US 2-10 Spread Is At Lowest Levels Since 2000

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):

1. Yield Curve Inversion of 2006 didn’t last long because the curve steepened as the Fed went uber dovish (2008 recession)
2. Yield Curve Inversion of 2019 didn’t last long because the pandemic happened (Fed went dovish, steepened the curve)
3. Yield Curve Inversion of 2022 is the real deal – this is inverting at the fastest pace, ever, and ever is a long time