Below is an excerpt from a note written by Hedgeye CEO Keith McCullough and sent to subscribers earlier this morning:
"This isn’t a typo – rates are down -5bps this week on the 10yr to 2.21% and the Yield Spread continues to compress as every major #LateCycle consumer data point slows. (see consumer confidence and personal consumption data for details); Swiss 10yr new lows at -0.39% this morning too."
