![Analysis of Financial Markets in 2023 and Outlook for 2024 | Jeff Gundlach](/content/images/size/w262h147/2024/01/burning_city_midjourney.png)
Analysis of Financial Markets in 2023 and Outlook for 2024 | Jeff Gundlach
Historically, a yield curve inversion has been a precursor to recessions. In 2023, the yield curve had been inverted for a length of time generally preceding economic contractions, suggesting a high probability of a recession in 2024.