Recessions After U.S. 10Y-3M Yield Curve Inversion and S&P 500 Market Peaks Prior to NBER Recessions

Analysis based on the 10Y-3M yield curve inversion, suggesting the S&P 500 peak-to-trough in percentage terms, and NBER recession start and end dates.

Image: Pictet Asset Management

Recessions After U.S. 10Y-3M Yield Curve Inversion and S&P 500 Market Peaks Prior to NBER Recessions