Recession Warning Triggers Stock Selloff, Impacting SBGI

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The yield curve has inverted.


What does that mean? Wall Street has received an ominous omen courtesy of the bond market, which has — as Yahoo! Finance puts it — “flashed its brightest warning signal yet presaging a potential recession.”

The reaction was swift and painful, and several broadcast media companies were severely impacted by the news. Sinclair Broadcast Group was particularly dinged.

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