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Recession may already be here, long-time market bear David Tice warns

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Long-time market bear David Tice is warning investors a recession is about to bear down on the United States.

Tice believes the global economic slowdown is infiltrating the country.

“The big question: Is the U.S. in a recession or about to enter one?” the investor told CNBC’s “Trading Nation ” on Wednesday. “We’re either there or within two months away from that.”

Even though the major indexes have rebounded from last week’s major decline, the 10-year Treasury yield fell below the 2-year Treasury rate on Wednesday for the second time in a week. The inversion is widely considered an ominous sign for the economy’s direction.

“There’s certainly a lot of risk to the market here,” said Tice,…



Source cnbc.com

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