Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
I know, I know… the last time the Yield Curve inverted like this was coming out of the 1999-2000 US Growth Bubble when Greenspan was RAISING rates. Never mind “pivoting” to less hawkish, do you know what stocks did once he started cutting rates? Hint: growth stocks kept going down as revenue and profit growth kept decelerating. |