The inversion of a portion of the yield curve late last week reignited fears of a US economic recession.Societe Generale has identified a group of stocks that's fared better than the broader market during downturns since the 1920s — one it says is poised to be an effective hedge against another market crash.Long-term Treasury yields have fallen below their short-term counterparts before every US recession since 1955.
For Andrew Lapthorne, the head of quantitative equity research at Societe Generale, the inversion isn't of much practical use yet.about-turn on interest rates was squarely because of its concerns about economic weakness.
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