print-icon
print-icon

This only happens when we are about to enter a recession

See TME's daily newsletter email below. For the 24/7 market intelligence feed and thematic trading emails, sign up for ZH premium here.

It only happens in a recession

Source: Compound
Source: FRED / JPM
Source: Morgan Stanley
Source: Ian Harnett
Source: S&P Global
Source: FactSet
Source: FactSet