Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing,

hosted by Michael Baddick and Ben Carlson, two guys who study the markets as a passion and invest for all the right reasons.

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of

Ritt Holt's wealth management. This podcast is for informational purposes only and

should not be relied upon for investment decisions. Clients of Ritthold's

wealth management may maintain positions in the securities discussed in this podcast

Welcome to Animal Spirits with Michael and Ben Ben what are we looking at here?

The big topic to juror this week is the yield curve. So Jeff Gunlock of

Double Line Funds was in Barron's this week. I think it was the Baron's Roundtable.

I don't know a lot of people are talking about this and he says we're getting closer to

a recession and so here's a

quote from Gunnlock. The one indicator that is somewhat negative is the

yield curve which has been flattening pretty relentlessly for the past year or two

as the Fed has been tightening

yield curve isn't sending any message about a recession and that

couldn't be more wrong.

In fact, the rate's so low, the yield curve is even stronger than usual.

So he says we're getting closer to recession when the curve goes flat from the two-year

to the ten-year meaning that yields are identical the recession risk is at least a

year away.

So all right so lot to unpack here.

...