S&P500 & Nasdaq inverse correlated to 2/10yr curve
This is US10Y-US02Y (inverted) in blue, S&P500 in orange & Nasdaq in light blue.
The 2's/10's spread has steepened meaningfully 3 times this year & each time has coincided with a sell off in the S&P500 & Nasdaq. It's just steepened again & the S&P500 is holding it's 4hr 50ema for now having made a lower high. Let's see what happens.
The 2's/10's spread has steepened meaningfully 3 times this year & each time has coincided with a sell off in the S&P500 & Nasdaq. It's just steepened again & the S&P500 is holding it's 4hr 50ema for now having made a lower high. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.