Looking at the previous 4 times the 2/10 yr yield curve inverted shows the S&P 500 rallied for another 17 months and gained 28.8% until the ultimate peak.
Beware some of the narratives taking place right now.
The S&P 500 officially moved into correction territory today.
This is the 33rd correction or bear market since 1980.
Take note, they aren't fun and no one likes it, but the return 1-year later is nearly 25% and higher 90% of the time.
The S&P 500 is down 5.9% in Jan so far.
Worst since 2016 when it was down 9.0% at one point during the month (closed the month down 5.1% though).
Worst ever? Down 10.8% in 2008 and 10.9% in 2009.
Again, this is the monthly low, not what where it closed at the end of the month.