A RECESSION in the US may be on the the cards based on a flattening US Treasuries yield curve, says David Buckle, Fidelity head of investment solution design.
But that doesn't mean investors should exit equities. "A yield curve this flat is a strong signal of a period of economic weakness. Historically equities do quite well in the lead-up to a slowdown.'' Mr Buckle was speaking at the Fidelity investment conference earlier this week.
The long-run forward price earnings (PE) multiples for the US and...
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