Today, let’s first look at the old tune of the inversion of long-term and short-term U.S. bond interest rates:

https://fred.stlouisfed.org/series/T10Y2Y

We knew that problems were likely to arise after the inversion ended and returned to normal, but we did not expect that this time it would be the deepest and longest inversion in more than 40 years. Since the inversion is not over, the drama will only continue to be postponed. The U.S. stock market has never collapsed at the end of an interest rate hike. They have all collapsed during the maintenance phase after the interest rate hike ends. The interest rate hike is not over yet, and there will be at least one more increase in the year. Moreover, the plateau period of maintaining high interest rates will be very long. I don’t know. For those who say that a soft landing and recession will not come, how confident are they that the risk market can hold on during this long period of high interest rate plateau?

#TheBearMarketisEnded?