Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
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If the head-nodders-in-high-places don’t have the attention span to read my numbers, tell them to look at the Yield Curve: A) UST 2yr Yield just ramped to new Fed Hike Cycle Highs of 3.82% The ONLY other time the UST Yield Curve was this inverted was coming out of the 1999-2000 GROWTH Bubble. The Fed was too tight back then too. Greenspan eventually figured it out and turn-tailed dovish, but #Quad4 didn’t go away. Stocks continued to crash. |
