Breathe In, Breathe Out

It was just Wednesday afternoon when we noted the following: It’s starting to seem like stocks are worried more about a recession than they are runaway inflation — curve is starting to flatten pretty aggressively. The is something that Bloomberg's Ye Xie observed as well, noting that "in early February, the stock correction was accompanied by a steepening yield curve, as the surprisingly strong wage growth caused a simultaneous selloff in Treasuries and equities [but] now, stocks are fallin