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,…