• HEDGEYE’S MARKET BRIEF
    Our FREE Investing Newsletter
    Get Exclusive Summer Sale Discounts

    By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. Not available for current subscribers to that product. Use of Hedgeye and any other products available through hedgeye.com are subject to our Terms Of Service and Privacy Policy New users only.

Editor's Note: Below is a chart (and excerpt) from today's Early Look written by Hedgeye CEO Keith McCullough.

CHART OF THE DAY: Recession? (Not Yet) - zzred

With the UST 10yr Yield selling off to 2.95% this morning, the Yield Curve has compressed to YTD lows. Some parts of the curve are inverted this morning. The critical 10s/2s Yield Spread (10yr Yield minus 2yr) has compressed to +13 basis points wide. 

Omg. Omg. Is it going to be a recession? No, not yet.

It’s going to be Quad 4 in both Q4 and Q1 though, so your Asset Allocation, Sector, and Factor Exposures shouldn’t change one bit. You’re already in the field that has the alpha. 

CHART OF THE DAY: Recession? (Not Yet) - 12.04.18 EL Chart