Inverted Yield Curve: What It Means and How to Navigate it

At the start of April 2022, the 3-Year Treasury Note yielded the most of any US treasury. The 3-year rate was higher than the 5-year, 10-year, 20-year, and even the interest paid by a 30-Year Treasury Bond, which was yielding 17 basis points less than the 3-Year. In similar fashion, the 10-2 year treasury spread, … Continued

What 5 Measures of Market Valuation Are Saying Right Now

With the notable exceptions of Q4 2018 and March 2020, US equities have enjoyed a largely uninterrupted ride higher since the Financial Crisis bottom in early 2009. But the exponential run by stocks since the COVID-19 selloff has plenty of us asking: is the market overvalued? And is a correction coming? To offer perspective on … Continued