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%
B) UST 10yr Yield was +12 basis points last week 

And, of course, the Yield Curve (10s minus 2s) inverted -5 basis points last week, signaling a rising probability of a #Quad4 Recession. 

 CHART OF THE DAY: The US 2-10 Spread Is Currently At It's Lowest Since 2000 - 210S