The father of the yield curve indicator says now is the time to prepare for a recession.
The yield for the 3-month Treasury has been above the 10-year since May, a condition known as an inverted yield curve that has predicted the past seven recessions.
“This is the time where you need to reflect upon your strategy."
“It’s way better to have a plan to go by than to find yourself in a situation where the recession hits and you have to improvise.”
My opinion: Need to be extra ready to get out of the market when the yield curve crosses above zero.