My two favourite bearish Wall Street houses are still pounding away. Morgan Stanley:
Most of my meetings this week focused on yield curve inversion, a sign that the topic is either top-of-mind or is so widely discussed that everyone is tired of talking about it. Or maybe both. (As one investor put it this week, “We’re very focused on curve inversion and very tired of talking about it.)
What follows will discuss the yield curve, but I promise it won’t be the sole focus.
