‘Beaten Down’ ETF Is a Way to Play Inverted Curve, BofA Says
- Tech, energy outperformed after curve inversions since 1965
- 10-year yield dropping below 2-year sounds recession alarm
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Investors terrified of the yield curve inversion may find solace in exchange-traded funds, according to Bank of America Corp.
Strategist Mary Ann Bartels recommends ETFs focused on technology and energy stocks -- industries that have beaten the broader equity market following past bond inversions, a notorious harbinger of U.S. recessions.