Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
‘But, but… KM… I read something this morning about…’
#FadeIt, like the bond market did last week:
A) UST 2yr Yield was +17 basis points to new Cycle Highs of 3.56%
And, of course, the Yield Curve (10s minus 2s) inverted -5 basis points last week, signaling a rising probability of a #Quad4 Recession.