Craig Hemke – Banking Collapses, Yield Curve Reversal, Is this Just The Start?
Craig Hemke, Founder and Editor of TF Metals Report joins us for a discussion focused on the recent US bank collapses followed by a reversal in the yield curve. Before the news on the few banking collapses the yield curve was so inverted the last time we saw this was back in the early 80s. The short end of the curve crashed after the news but the overall yield curve is still inverted.
We discuss the market shift this week back towards risk-on as markets bounced and are up for the week. Craig thinks this is just the start of major issues for the system and it will further lead the Fed to pause hikes and possibly cut rates later this year.