Daily Archives: February 14, 2022

Yield spread oil ratio-signaling bear market and recession

This morning, the spread between the ten and two-year U.S Treasury yields has narrowed to just .405%, and oil (WTI) has moved above $92. As shown below in my partner Cory Venable’s chart since 1990, when the ratio of these … Continue reading

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Years of mean reversion will punish present holders

With more than 70% of its 3600 c0nstituent companies down more than 20% from their highs, the sentiment-leading NASDAQ index is now trading below its 50-, 100–, and 200-day moving averages for the first time since March 2020. The 2020 … Continue reading

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