$spy $tlt It's the steepening of Yld curve you should worry abou

DGS5-DGS2FRED

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⋅ Jun 14, 2019 9:37 PM

Stocks are shown to top out when the TED spread starts to steepen, not invert. Right now it is showing signs of bottoming out. My bet is that if the fed starts cutting then this spread breaks out to the upside causing a top in equities.