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"No All Clear" - Bitcoin & Bullion Jump, Stocks Dump On Week As Yield-Curve Un-Inverts
An inverted curve lights the fuse but the un-inversion is 'the bad part' signaling imminent recession... ...and today we saw the 2s30s curve go positive once again and closed at its 'steepest' since Aug 2022... chart Additionally, the 'real' yield curve steepened dramatically, also pushing back up towards un-inverted... chart The steepening is extremely evident in the week's moves across the curve with 2Y up just 3bps and 30Y up 33bps... chart There was also a notable swing in rate-cut expectations for next year. While we zoomed out for context in the chart below, this week saw rate-cut expectations drop from ... (full story)