The yield curve has been inverted for 18 months without a downturn - but the famed indicator isn't wrong, and a recession is near, strategist says [Business Insider]
B. Riley Financial, Inc. (RILY)
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Source: Business Insider
He predicted a recession would hit the economy "sometime soon." A famously accurate recession indicator has been flashing for 18 months without an economic slowdown materializing — but the inverted yield curve is still correct, and a downturn is looming, B. Riley Wealth's chief investment strategist Paul Dietrich says. Dietrich pointed to the inverted Treasury yield curve , a highly accurate recession gauge that flashes when the yield on the 2-year US Treasury surpasses the 10-year Treasury. An inversion on the 2-10 Treasury spread has correctly predicted every recession since 1955 — and it's been flashing its infamous warning since November 2022, around the time B. Riley's collection of leading economic indicators also began to signal a coming recession. The resilience of the US economy has stunned observers, but while some economists have dialed back their warnings of a coming downturn , one is still coming, Dietrich said in a note to clients last week. In the past, recessi
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News
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- B. Riley Financial Announces Full Redemption of 6.75% Senior Notes due 2024PR Newswire
- B. Riley Financial, Inc. (NASDAQ: RILY) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
RILY
Sec Filings
- 5/1/24 - Form 8-K
- 4/29/24 - Form 10-K/A
- 4/24/24 - Form 8-K
- RILY's page on the SEC website