RE:Interesting Perspective on Yesterdays SCB Failure We are getting closer to a recession.
The 2-year treasury had the biggest 2-day rally since 1989! If this continues, we are going to see a steepening of the yield curve and a warning sign that the recession has arrived.
The stock market bottoms well after the 2-year treasury rallies. We are starting to see cracks in the financial system and unless we get meaningful job losses, I'm afraid the job is not done for Jerome Powell.