Hedgeye’s proprietary signals are detecting a shift in the U.S. economic outlook, driven by a notable drop in the 2-year U.S. Treasury yield.
Our Macro team is now forecasting a period of disinflation—an environment that could pave the way for a Fed rate cut.
“As Mandelbrot taught us, it’s the particular thing that matters in clock time, market time, or cycle time,” says Keith McCullough.
“And if you look at what’s happened in the last 48 hours, my Fed front-runner—the 2-year bond yield—broke down through trend.”
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