Recession On the Horizon?

One of the massive mistakes I see constantly people making is to take one data point and conclude an outcome. This has been going on for 11 years now all over social media. This chart is no different it does not mean much without further accumulation of other data points in conjunction to reach a likely outcome. So please use this data appropriately. Definitely the data is not indicating a bullish scenario in the markets right now. Caution is in order.

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rates have fallen since i first posted this chart with the exception of longer term rates.