Matthew Hornbach

Forget the yield curve. Morgan Stanley says investors should be focused on a superior recession signal — one that’s threatening to flash by year-end.

Forget the yield curve. Morgan Stanley says investors should be focused on a superior recession signal — one that’s threatening to flash by year-end.

Unless you’ve been living under a rock for the past several days, you’ve probably been swept up in yield curve mania. Friday marked a momentous occasion for the bond market, as the spread between 3-month and 10-year US Treasurys slipped into negative territory — or “inverted” — for the first time since 2007. This set…