A number of news sources reported in the lat 2 days that J Powell's favorite yield curve as a recession indicator is an inverted 3 month and 10 year.
These are now inverted and have only inverted 3 other times according to this data
Before the 2000 crash
Before the Global Financial Crisis
Before Covid lockdowns
Its virtually assured at this point that the US will enter a recession in the near future if we're not in one already. I have more to say about this and in particular the timing of covid but if you want the tinfoil hat version you'll have to find me on the newsletter...