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Nasdaq 100 – Dow Ratio: Focus on Concentration Rather than Timing Risk Trends - Top Trade of 2025
Over the past year, the concentration into top market cap stocks – which aligns to tech – has pushed the Nasdaq 100 to Dow ratio well above the Dot-com peak
The Failure of the Renowned 2-10 Spread ‘Recession Signal’…Or Is It? – Surprise of 2024
Despite a 625-trading day period of inversion by the 2-10 yield curve, the NBER never called an official ‘recession’ - is it broken?