Stocks Rally Ahead of Fed, and Has “Wokeness” Derailed Target Stock? 6/12/23
CNBC's "Fast Money"
00:00
The Noise Around the Yield Curve
The weekly jobless claim series broke out to the upside last Thursday. If that continues, we will be much closer to the start of a recession than people commonly believe right now. The noise around the yield curve is just monumental. We're working under the assumption that 111 under was likely the trough of the inversion. That gets you towards our view of late this year or early next. It took almost three years for the recession to hit.
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