By Tom Winnifrith | Friday 20 September 2019
Analyst Tavi Costa sees the current business cycle as being almost over and is waiting on an overall downturn in equities. Two-year yields reveal that we are near the top of the cycle. In the US, manufacturing reports are trending lower, and non-farm payrolls have had a sizeable downward reversion. 90% of the yield curves in Canada have already inverted, and many other countries are similar.
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