Houston, We Have a Problem

No, I’m not talking about Philly Fed Index, which at 0.3 versus 8.0 expected and 10.4 prior, is really stinking up the joint.

instead, I’m talking about the 2s10s breakout which, as we’ve discussed countless times in the past, spells serious trouble for equity markets. This is exactly the scenario we discussed earlier this week and is a direct result of the brewing inflation problem which is also not being discussed in polite company.continued for members


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