Food for Thought

There’s some good research on this morning that illustrates the fact that no interest rate inversion (10s1s) in the past 70 years occurred without a subsequent recession. The average lag was about 14 months, meaning that we’re now officially overdue.

Furthermore, none of the post-inversion equity rallies lasted. Every single one was completely reversed, resulting in a bear market.  Food for thought.

It’s another quiet morning so far, with futures flat for the most part after testing our 20-day moving average target yesterday.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password