Further inversions along the yield curve would likely spook the stock market because fears of a recession would spike, James Bianco says.
div > div.group > p:first-child"> He has a point, according to James Bianco, president of Bianco Research.
The situation might grow more troubling by the end of the second quarter because the rest of the yield curve will likely invert within those three months, he said. "It's a sign that the Fed is too tight. If they're not careful, they could do what the Fed has always done and cause a recession," said Bianco.
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