Remember when the yield curve inverted in March 2019? People were saying that a market collapse and recession typically follow within the next 12 to 18 months. Make no mistake, COVID-19 may have been the catalyst but it was certainly not the cause. Why would we be seeing an inverted yield curve indicating the winding down of an economic expansion if everything was 'awesome'?

https://res.cloudinary.com/ryan-hendricks/image/upload/w_auto,f_auto,dpr_auto,c_scale/v1/digiderivatives/yield_curve_spreads_o "yield-curve-spreads"

https://res.cloudinary.com/ryan-hendricks/image/upload/w_auto,f_auto,dpr_auto,c_scale/v1/digiderivatives/treasury_yields_o "treasury-yields"