Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:Yield curve uninverted today

[DZtrader]

At the risk of sounding overly repetitive, not too many things have acted nor reacted as it normally has. This sentiment was echoed by an economist I was listening to the other day when he suggested normalcy has been absent in economic theory and the markets for some time now. Look no further than the inverted curve, the Salm rule and this steepener we have now been in for a few months.

Is the U.S. headed for recession, could be. Surely taking its sweet time though. Even if this last "ominous sign" holds true, it could well still be in excess of another year before its finally ushered in, time will tell.

Personally, I have positioned more defensively for at least three or more months with REITs, staples and utilities while trading financials and will maintain this way for the foreseeable future. Have I missed out on the Nvidias of the world, yep, but I sleep well just the same.

While recession is a real possibility, preaching doom and gloom and hiding under the couch out of fear and missing outsized returns is not my thing. Know where you are, embrace it and adjust for it. These calls have been around from 3600, now thats a sizable missed opportunity. Enjoy the wait!