We Need To Talk About Recession Risk Again | ZeroHedge
Authored by Simon White, Bloomberg macro strategist,
It’s time once more to increase vigilance for a US recession.
Soft, survey data is starting to deteriorate, while hard data is already fragile. Expectations of a downturn are currently low, but they could quickly swing higher.
Stocks – which experience their worst drawdowns in recessions – are not priced for such an outcome, while yields are biased lower in the coming months.
S curves are nature’s approximation of (more…)