The yield curve “inverted” last Friday, meaning the 10 year yield went below the 3 month yield.
Many claim that this is incontrovertible evidence of an impending recession. You can also find many commentators advising that you ignore it – the the inversion is an anomaly.
What should you believe? The reality of price action, of course. And the reality is, the market is heading down, at least for now.
Check out the latest analysis in this week’s video:
What do you think? Inversion or Perversion? Be sure to leave your comments.
Dean