A bull market is developing in recession expectations. In the week ahead, investors will have the chance to hear if dozens of companies share that fear.
Even armchair investors have heard the warnings from the bond market and its inverted yield. Usually, the longer the loan, the higher the interest rate. When that changes, like it has ever-so-slightly in recent weeks, conventional wisdom holds it’s a signal of a coming economic recession.
Then last week, a survey of economists by The Wall Street Journal found more of the dismal scientists were pessimistic about the economy. More than a quarter of them think a recession will happen sometime in the next 12 months. Fewer than one in five thought that just a few months ago.
