Every. Single Time.

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The VIX has been a coincident indicator with the 2s10s yield curve. Both have usually turned higher fairly early in a bear market cycle, well before the market topped in some cases.

We live in a world that’s never been more buried in debt. I distinctly remember as a kid that the news was ablaze with shock that, for the first time, the United States was over one trillion dollars in debt. It was an unimaginably large number, and it felt humiliating as a nation to see what bums we had all become.
Let’s just say that, $32 trillion later, and trillions more accruing constantly, we’re well past that. We’re quite content with being helpless debt addicts. The thing is, though, that bonds are starting to collapse anew, and that means just one thing: even higher interest rates.
