@d46cf433 

2s/10s has been inverted now since July 3rd 2022, so the 'recession' indicator has been on for quite some time.

This isn't to say a recession isn't here or oncoming, but that it's ample time to fade this signal. Markets are very forward-looking, so the recession signal 2s/10s (which is 18 months leading on average), is old news at this point. The imminent reversion though has been quite delayed, longest we've ever been inverted was ~2yrs, so it's due to correct.