T-bills are paying 5.5% risk free, meanwhile, stocks are yielding 1.5% with end of cycle risk.
Let's draw a picture to help bulls understand: pic.twitter.com/aqDLJiOEl2
— Mac10 (@SuburbanDrone) October 4, 2023
Yield Curve flattening – after inversions – is textbook #recession behavior. Today seems no exception! pic.twitter.com/NRGLvqBgWr
— jeroen blokland (@jsblokland) October 5, 2023