As my long-term clients have known since way back in 1997 (when I first revealed my super-simple market timing system), I am a staunch believer in the power of the yield curve. The version I watch is very different than the one that has been getting a lot of news lately. That’s because I focus on commercial rates as opposed to Treasury rates.
Nevertheless, my version is dangerously close to inverting. And that would be a very bad thing.
One event that could push my version of the yield curve into an inversion is if the Fed raises rates this week.
Apparently, I am not alone in believing that the Fed should hold off. And no, I am not talking about the president.
Jeffrey Gundlach Says Fed Shouldn’t Raise Rates This Week
The fact that Gundlach is saying the same as me is one thing. The fact that Druck is saying the same thing just amplifies it.
