On Tuesday, December 4, the S&P500 fell by 3.25%, following an equity market swoon in Asia, as investors struggled to make sense of the US-China trade deal. This comes after a 6% rally in the S&P500 over the preceding six days, when it had seemed all was sweetness and light between presidents Donald Trump and Xi Jinping.
But suddenly investors are worrying they had misread the signals – and not just about trade. They are also concerned that falling long-term US treasury yields and a flattening yield curve are harbingers of recession in 2019 or 2020.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
