Wednesday. The spread between two- and 10-year Treasurys edged into negative territory, sparking fear because it's a trusted indicator that's preceded each of the past seven recessions. The inversion righted itself on Thursday, calming some fears of impending trouble, but adding to price swings overall.
"For our investors, I'm saying unless there's a recession coming, you don't need to do anything," he said. "What's the difference?" he said."The difference is that both 2000 and 2008 took place in the context of a recession."
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