With Yield Curve Inversion; Pressure on Fed to Cut 50 Bps Array ( [cookie] => 9c4fdd-fa29cc-a7e303-5d49f1-678691 [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [visitor_id] => 196303 [user_id] => [reason] => [method] => ) 1 and can accesss
Federal Reserve Board policymakers were unusually quiet last week during the dog days of summer. I’m assuming some were vacationing. (There was an unconfirmed report that chairman Jerome Powell put out a gag order.) But if Fed folks thought it’d be an easy summer week, they were wrong.
Indeed, it just might turn out to have been the most important week of the year for the Fed and, consequently, for markets, too. If you don’t know that the yield curve inverted briefly last week, then you were perhaps too busy navel gazing with your headphones securely glued to your ears. On Tuesday the yield spread between the 2-year U.S. Treasury note and the 10-year went negative briefly, to the tune of a few basis points, and all hell broke loose. It was as if the salmon were running, as the bears showed up en masse and the stock market dropped like a felled heavyweight, 3% in one day. (For more on that see page 1.)


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Thomas J. Lee
Head of Research
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First Word The best market research out there -- on a near-daily basis. |
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Intraday Alerts These are released periodically after crucial market developments. |
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"Super Granny" Shots Stock List Granny Shots we expect to tactically outperform and underperform. |
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Granny Shots Stock List Thematic investment stock picks that aim to outperform the S&P 500. |
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Mark L. Newton
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Daily Technical Strategy Daily commentary on market trends and short term opportunities. |
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Weekly Roadmap Weekly summary of market events and updates on our key theses. |
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Daily Technical Strategy Daily commentary on market trends and short term opportunities. |
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Live Technical Analysis |
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Outlook Webinars We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights! |
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Newton's Upticks Stock List Technically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500. |
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L. Thomas Block
Washington Policy Strategy
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Sean Farrell & Crypto Team
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Market Update Stay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news. |
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Funding Fridays Are you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested! |
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Crypto Concepts We periodically provide in-depth research on the leading protocols, companies, and funds shaping the crypto ecosystem. |
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Liquid Ventures A recurring research note focused on delivering unique insights into high-risk investment opportunities within the crypto ecosystem, primarily centered on early-stage or small-cap tokens. |
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Deep Research We periodically provide in-depth research on the leading protocols, companies, and funds shaping the crypto ecosystem. |
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Weekly Roadmap Weekly summary of market events and updates on our key theses. |
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Outlook Webinars Ongoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms. |
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FS Insight Research Team
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Reports | First to Market |
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*Earnings Daily This note provides investors with a myriad of useful metrics to measure the progress of earnings season |
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Signal From Noise Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective. |
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FS Insight Academy Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way. |
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Free Macro Webinars Live webinars and Q&A with our research team and high-profile industry leaders. |
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Free Crypto Webinars Live webinars and Q&A with our research team and high-profile industry leaders. |
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*Daily reporting during each quarterly earnings season.