Is a Recession Being Priced In for U.S. Small Caps?
June 05, 2022 at 10:16 AM EDT
By Matt Wagner, CFA Associate, Research With the S&P 500 flirting with bear market territory, headlines are proclaiming a recession is priced in. But at what probability? High-yield credit spreads—commonly viewed as a leading indicator of economic slowdowns—have spiked higher by 112 basis...