A Radnor Reports bulletin from the Boston Globe –
The Dow Jones Industrial Average sank 800 points, or 3 percent, to 25,479 after the bond market flashed a warning sign about a possible recession for the first time since 2007.
The yield on the 10-year Treasury briefly dropped below the two-year yield Wednesday. The so-called inversion has correctly predicted many past recessions and is the loudest warning bell yet about a possible recession ahead.
