US yield curve inverted this week w/ 1-yr yield moving above 10-yr. Last 3x that happened after long period with + slope…

1) Dec ’05 (S&P peak: Oct ’07, recession: Dec ’07). 2) Sep ’98 (S&P peak: Mar ’00, recession: Mar ’01). 3) Jan ’89 (S&P peak: Jul ’90, recession: Jul ’90).