Here is a wise insight into the Yield Curve vs. the other Economic Indicators. Not from my investment manager, but similar insight and advice. Janet Yellen, former chair of the Federal Reserve and Wilbur Ross, the Secretary of Commerce both say the same thing.
https://www.franklintempleton.com/in...hoCD7sQAvD_BwE
Historically, sharp correction drops scare the tarnation out of some investors. Then, just as suddenly, the markets go up. People who get out at the bottom of corrections miss out.
The true recession shows in other economic indicators and are slow rolling tops that pick up speed going downhill after a few months. That is not something that screams over a day or two.
I have learned a lot listening to wise people in the markets who consistently beat the market averages. I have learned to tune out the screaming front page news headlines. Have you noticed they are no longer screaming recession after just a couple of days? They have moved on to the next “perceived” crisis of the day.