History shows it takes an average of 589 days for a recession to start after a key part of the Treasury yield curve inverts, according to Bespoke Investment Group.
In environments in which investors can sit in cash yielding 5.4%, it is unreasonable to expect significant outperformance from stocks or bonds, says the bank.
A credit crunch is hitting office landlords hard with mortgage debt coming due, causing a smaller share of loans to repay on time, according to Deutsche Bank researchers.
‘The dog days of summer are not just barking, they are biting,’ the U.N.’s Guterres says as 2023 marked as the hottest summer recorded by modern technology.