There she goes... US Treasury yield curve - a leading recession indicator - goes negative for the first time since 2007. ...taking equities down with it, the day after a big spike on trade relief.
This is bad. Usually the yield on long-term bonds is higher than short-term, as investors expect to get paid for sacrificing liquidity. This means they're so scared they're willing to accept a lower return in exchange for long-term safety. Buckle up.
Main yield curve inverts as 2-year yield tops 10-year rate, triggering recession warning