DATA RELEASE
10Y-2Y Treasury Yield Spread
+0.31 pp
+5 bp

The curve steepened 5 basis points in a day, pulling the spread back to +31 basis points and further from the inversion line that has preceded past recessions. Long-end yields pricing more term premium is the bond market's verdict on the Fed's path.

Source: FRED · T10Y2Y

Mad Money w/ Jim Cramer 9/24/26

  • Cramer pushes back on index-fund supremacy, calling the absolutist version of it wrong
  • Still recommends 50% of savings in an S&P 500 fund as a hedge against your own mistakes
  • Argues the S&P holds far fewer than 500 good stocks, so you buy the bad with the good
  • Caller questions on portfolio structure for young investors, 529 plans, and retirement vs. mad money

Put half in an index fund as insurance, the other half in individual names you have actually done the homework on. Cramer's case is that an S&P 500 fund gives you 8% to 10% a year and mediocrity alongside the winners, which is why he says it will not make you rich on its own.

DATA RELEASE
2-Year Treasury Yield
4.85%
+14 bp

A 14 basis point jump in a single session on the most Fed-sensitive part of the curve says traders are pricing tighter policy. Mortgage rates, bank funding costs, and anything long-duration in equities take the hit first.

Source: FRED · DGS2
DATA RELEASE
10-Year Treasury Yield
5.11%
+15 bp

A one-day jump of 15 basis points pushes the benchmark borrowing rate above 5%, and everything from mortgage quotes to equity valuations reprices off it. Long-duration stocks and rate-sensitive housing names feel this first.

Source: FRED · DGS10