This year, the stock market recorded the worst first half in more than five decades due to investor’s concerns over a potential economic slowdown. The Federal Reserve’s aggressive monetary policy tightening to tame the multi-decade high inflation has primarily made investors and analysts worried about the economy’s ability to grow or remain stable.
In addition, the 2-year Treasury yield has recently surpassed the 10-year yield, indicating that the economy is on the verge of entering a recessionary period.
