Tech gets fucked when oil prices peak:
https://www.ecb.europa.eu/pub/pdf/other/mb200409_focus04.en.pdf
Yield curve has NOT yet inverted (predicts a recession):
https://ycharts.com/indicators/10_2_year_treasury_yield_spread
10-2 Year Treasury Yield Spread
In depth view into 10-2 Year Treasury Yield Spread including historical data from 1976, charts and stats.
https://www.macrotrends.net/1369/crude-oil-price-history-chart
Oil price spikes predict recessions.
If crypto is tech and crypto performs poorly in a recession (we've had 1 example and does that really count?) then we can assume that we've got rough times ahead correct?
Anyone else dig into this at all?
Leave a Reply