This is not good. The yield curve just flashed a major warning signal. The gap between 2s and 10s is now the widest it’s been since early 2022. Why does this matter? Because the bond market usually tells the truth about where the economy is going. We just spent two years upside down, a weird period where you got paid more to sit in cash than to take long-term risk. That is officially over. Investors are finally demanding a term premium again. The cost of money is going back to normal, and it’s happening fast. Don’t view this steepening as a good thing. You can’t justify massive valuations for tech stocks in this kind of rate environment. I’ll monitor this closely. More updates coming. When I make a new move in the market, I’ll say it here for everyone to see. You’ll wish you followed me sooner.

What about the stocks you have said you have bought over the last couple of days? selling now?