Recessionary Action

Many are debating the yield curve inversion and its merits, and we can do that indefinitely. 

But objectively analyzing the market's price action of late points to equities shifting to a recessionary view--Although the restaurants, airports, casinos, hotels, may all be packed in your hood, the issue is where the economic is 6-9 months from now as The Fed is talking tough on inflation, but has yet to actually act with urgency and vigor. 

Case in point: Note staples, utilities, non-mortgage REITs, and healthcare giants leading today. Mind you, some of them like Hormel (HRL) are not cheap at all. But market players are scrambling to pile into them more than anything else.

This action smacks of market players of size hustling to get into recession-proof plays.