Licking their wounds, fund managers prep for rally in ’19 | Reuters


Part of the yield curve inverted this week when yields on 5- year Treasuries dropped below those on both the 2- and 3-year securities, a signal that has preceded every U.S. recession in recent memory by between 15 months and 2 years.

Yet the long delay between a yield curve inversion and a full recession can still be a profitable time to invest, said Charles Lemonides, founder of New York-based hedge fund ValueWorks.

Source: Licking their wounds, fund managers prep for rally in ’19 | Reuters

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