Market Echoes Early Pandemic Panic Buying: High Beta Collapses, No Mega-Stimulus Support This Time; Longest-Ever Yield Curve Inversion Raises Economic Concerns.
In a significant market development, the 10-Year minus 3-Month Treasury Yield Curve has remained inverted for a historic 278 consecutive trading days, marking the longest inversion in financial history. The inversion has deepened recently, reaching its lowest point since August, …