The U.S. bond market has been signaling a possible recession, but stocks on Wall Street shook off the warning and inched higher Tuesday.
The bond and stock markets in the U.S. have been sending mixed signals about the American economy over the last few days — and investors are split on which asset class got it right.
But for Credit Suisse's Global Chief Investment Officer Michael Strobaek, the bond market is usually a better indicator of what's to come. "We're really going into a slowdown and a recession," Strobaek said, clarifying that it may not be"right here, right now" — but it could come in 2 to 3 years.
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