Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough. 

The positioning in FX, Bond, and even Crypto markets is clearly for a Global #Quad4 Recession that will last well into next year:

  • Treasury Bond Volatility (especially on the long end of the curve) continues to imply a crash in RATE SENSITIVE Assets

CHART OF THE DAY: Bond Volatility  - q3