Below is a chart and excerpt from today's Early Look written by Macro analyst Drago Malesevic.  

Recall, while the idea of “Peak Fed” may sound nice or feel good, it should not be misconstrued as a positive catalyst for risk assets as the inverted U.S. yield curve in today's Chart of the Day seeks to remind us.

That is, we still need to get to “Peak Fed.”

CHART OF THE DAY: Reality Check → U.S. Yield Curve - ChartoftheDay EL2  Yieldcurve