By Jeffrey Kleintop
The yield curve is said to invert when the yield on the 3-month Treasury exceeds the yield on the 10-year Treasury. Many investors focus on this historically negative signal for the overall stock market, as inversions typically precede economic recessions. But, the opportunities signaled by a yield curve inversion deserve just as much attention. Inversions often mark a reversal in long-term market performance trends as leaders and laggards change places. Examining the relative performance of growth and value stocks, large and small-cap stocks, and U.S. and international stocks we can see that