Market records are usually welcome on Wall Street. This one won't be: The yield-curve inversion—the bond market's preeminent recession indicator—is set to be the longest since 1980.
Monday is expected mark
A debt-ceiling crisis could spell trouble for investors who moved their money into Treasury bills and money-market funds, but some analysts are sticking to their guns that cash is the place to be:
"Even aside from t
Federal Reserve Chair Jerome Powell has downplayed the likelihood of another interest-rate increase. Traders, however, are starting to bet he'll be more aggressive than he's let on.
Derivative markets now imply a 60% probability of a quarter-point rate hike in June, with the remaining odds favoring
Artificial intelligence and tech stocks dominated market headlines in May. Here's what happened across asset classes this month:
The Nasdaq Composite jumped 5.8%, outpacing the S&P 500's meager gain of 0.3% and leaving the Dow in its dust—the blue chip index fell 3.5% in May.
Stock-market bulls are hoping the rally among artificial intelligence-linked stocks will bring an end to the bear market while averting a recession.
A recession typically starts [before stocks hit their lowest level](https://www.wsj/articles/robust-jobs-market-poses-threat-to-stocks-rally-a43