As of Friday's close, the Nasdaq and Russell 2000 small cap indexes remain in bear markets while the S&P 500 and DJIA have rallied off bear market lows back into "correction" territory.
(bigger boxes have bigger market caps)
Central banks raised short term interest rates to try and tame soaring inflation (9.1% for the US in June!) The 10-year Treasury yields have also risen:
10-year yields vs time for the US, the UK, Japan & Germany
|US Treasury Yield Curve for 30-Yr minus 1-Yr rates|
and the 10-yr to 3-month is getting close to giving that signal:
|US Treasury Yield Curve for 10-Yr minus 3-Mo rates vs. S&P 500|
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