Friday, Monday, and today the S&P futures tested the lows – twice overnight.
But risk keeps getting bought in the U.S.
We'll see if the trend continues through this holiday. pic.twitter.com/RWGk6shU6r
— Mac10 (@SuburbanDrone) July 2, 2024
Another major steepening of the yield curve.
The recessionary signal this sends cannot be overstated.
Just so you know:
82% of the entire curve remains inverted. pic.twitter.com/v3hprLIFgO
— Otavio (Tavi) Costa (@TaviCosta) July 2, 2024