Are you guys watching this inversion?

I can't be the only one here who tracks the 10-2 year spread in t-bonds, professionally or otherwise.

This is insane, it just keeps dropping, now approaching early 1980s levels. This has been an extremely reliable harbinger for recession, but it hasn't been this low in ages. They just keep rising the Fed Funds rate, and bond yields are breaking through new highs. I seriously doubt this is the bottom for equity, we are gearing up for something brutal.

Crescat Capital and Universa Investments are very well-versed in crisis investing and worth watching right now. Something I read from Crescat Capital recently that mirrors my own analysis: Collapse of the overvalued tech bubble and cascading collapse of the whole market.

Thoughts?

 

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