• Hedgeye Investing Summit: A Special HedgeyeTV Webcast Event

    The sharpest minds in investing discuss the most important market and economic developments and their investing implications. Join Hedgeye CEO Keith McCullough and our special guests live from October 14-16.

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