ABBV - Should You Scale Back Technology To Gain More Health?
Prologue
Since we mentioned it for the first time four months ago, the US yield curve has inverted further, raising fresh concerns about the risk of an upcoming recession.
There are arguments to be made that "this time is different” in interpreting inversion. However, there is also more-than-enough uncertainty around these arguments for investors to refrain from dismissing the warning sign being derived from the yield curve.
Having said that, let's put the yield curve debate aside and focus in this article on portfolio strategy and asset allocation.