Despite intense focus on the yield-curve inversion, some on Wall Street see it as a red herring

Despite intense focus on the yield-curve inversion, some on Wall Street see it as a red herring

The dreaded inverted yield-curve has arrived. It’s a key data point for investors who fear it means trouble ahead for the economy — and a possible end to this historic rally in the stock market.
But if history is any indication, rate-obsessed stock investors might be in better shape than they think, and some analysts say that new macroeconomic realities make the yield-inversion a red herring.
On…

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