Recession Indicator With Perfect Track Record Flashing Red

Stocks tumble on global recession fears

Image Credits: Drew Angerer/Getty Images.

The yield curve is blaring a recession warning.

The spread between the U.S. 2-year and 10-year yields on Wednesday turned negative for the first time since 2007. Such a development has occurred ahead of each and every U.S. recession of the last 50 years, sometimes leading by as much as 24 months.

Caroline Brehman/CQ Roll Call

“Historically, the 2-10 has had better predictive ability of recession than equities,” Sri Kumar, president of the Santa Monica, California-based Sri-Kumar Global Strategies, told Fox Business.

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