Wall Street strategists tell clients the yield curve inversion doesn't necessarily mean a recession
"Inverted yield curves in the US and elsewhere tell us very little about the timing of future downturns and, for now at least, the economic data are more consistent with a slowdown than a downturn in the world economy," Capital Economics said.
Some strategists say the recent yield- curve inversion may not be a sign of recession, or at least not an imminent one, and that this time might be different.an inversion that signals what many economist and strategists widely believe to be a negative economic sign and recession indicator. The last time investors had to contend with an inversion like this was 2005.out on Thursday morning as a sign that things may not be as bad as they seem.
"Instead, retail sales are soaring with sales jumping 0.7% in July and non-auto retail sales up 1.0%," he said. "The yield curve matters when it inverts over a several-week, if several-month, time period. We had an interday inversion. In 1998, we had a 27-day inversion," BMO Chief Investment Strategist Brian Belski said on CNBC's Fast Money Halftime Report.
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