SpyMasterTrades on Nostr: The 10-year/3-month #Treasury yield spread is about to print a reversal doji on the ...
The 10-year/3-month #Treasury yield spread is about to print a reversal doji on the 6-month chart.
Typically recessions (shaded in red) begin when this spread moves substantially higher.
Earlier this year, the NY #Fed, using this chart as a recession predictor, placed the odds of a U.S. #recession starting by May 2024 at 70%. This was the strongest recession signal in over 40 years.
See more here: https://www.newyorkfed.org/research/capital_markets/ycfaq#/interactive
Typically recessions (shaded in red) begin when this spread moves substantially higher.
Earlier this year, the NY #Fed, using this chart as a recession predictor, placed the odds of a U.S. #recession starting by May 2024 at 70%. This was the strongest recession signal in over 40 years.
See more here: https://www.newyorkfed.org/research/capital_markets/ycfaq#/interactive