#This isn’t good. $BERA
The yield curve just flashed a serious warning signal. $0G
The spread between the 2-year and 10-year is now the widest it’s been since early 2022.
Why does that matter?
Because the bond market usually sees the turn before everyone else.
For nearly two years, we were in an inverted curve — a strange stretch where sitting in short-term cash paid more than taking long-term risk. That era is officially over.
Investors are demanding a term premium again. The cost of money is normalizing — and it’s happening quickly.
Don’t mistake this steepening for something bullish.
High-growth tech valuations don’t hold up easily in a rising-term-premium environment.
I’m watching this closely. More updates soon.
When I make my next move, I’ll post it here publicly. Stay sharp.