⚠️ The #HYG / #TLT (adjusted) ratio just printed a gravestone doji on the 4-month chart. All oscillators on this timeframe are as over-extended as they've ever been. A reversal is likely coming in 2024.

This is a major #recession warning. This ratio tops in the lead up to an economic recession, and it bottoms near business cycle lows. This chart is warning that we're likely near a major market top.

#Bonds / #Treasury / #Fed / #FOMC / #InterestRates / #AAPL / #TSLA / #MSFT / #NVDA / #Recession / #Stagflation / #Bitcoin / #Trading / #Investing / #Gold / #Nostr