Yield curve inversion → re-steepening → recession.

This pattern has played out 3 times:

1988-1989: Curve inverted as Fed hiked to kill inflation. Then it steepened in 1989-1990 when Fed eased and growth slowed. Recession followed.

2001: Same setup. Different timeline to recession.

2007: Same setup. Different timeline to recession.

Here's what most people miss: The re-steepening ISN'T safety. It's the final warning before everything breaks.

We're seeing the same pattern now. Fed pivoting, curve normalizing, markets pricing in slower growth.

My macro model puts the odds of repeat at 89%.

If you're not positioned for downside, you're about to get wrecked. The shorts of a lifetime are setting up.

Don't say you weren't warned.