The beginning of the 21st century in investing has witnessed two significant market crashes, including the tech bubble crash and the Great Financial Crisis in 2008. It should surprise no one that up until March 2009, managed futures trounced the returns of both stocks and bonds.
Investors have faced a near constant barrage of headlines about the U.S. Treasury curve. The spread between 2-year and 10-year Treasury notes has been negative, and at the time of writing this, it’s only barely positive. This undoubtedly leaves us with questions like: Does this mean a recession is imminent?