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You fellers in the side by sides just need to watch your mirrors so we can get by.  And stay on your side of the trail too!

Lloyds cherry picking again.   Biden capital gains tax increase The capital gains tax rate for long-term capital gains, assets held for more than one year, is at most 20%. Capital gains are the profits you make from selling or trading an asset. The tax rates that apply to a particular capital gain (i.e., capital gains tax rates) depend on the type of asset involved, your taxable income, and how long you held the property before it was sold Biden’s FY25 budget proposal would nearly double that capital gains tax rate to 39.6%. That proposed capital gains rate increase would apply to investors who make at least one million dollars a year.   'Carried interest loophole' The Biden budget proposal also revives the debate over the so-called carried interest loophole. Currently, asset managers can treat certain compensation they receive as capital gains, which means that a significant portion of their income is taxed at a much lower rate than if it were treated as wages.  Under Biden’s budget proposal, that compensation would be treated as ordinary income for federal income tax purposes to end the carried interest loophole. 

This is the longest in US history the yield curve has been inverted.  Typically, interest rates are higher for longer terms, think a 36 month car loan vs an 84 month car loan.  Recently, the 3 month yield has been higher than the 10 year yield.  Any yield curve inversion is typically followed by a recession.  The longer and deeper the inversion, the worse the recession. It's delusional to think we just have a soft landing and the economy never contracts.  The plant closures, layoffs, and hiring freezes will continue.