The Next U.S. Recession May Be Closer Than You Think: Chart

(Bloomberg) -- Using the 1-year and 10-year Treasury yields, the S&P 500 Index, the U.S. Dollar Index and the price of WTI crude oil, Bloomberg trained a “neural net” algorithm to predict the start of the next U.S. recession. What used to appear a safe way off may be upon us in 12-18 months. While the Treasury yield curve is the largest factor, the way it interacts with the other market forces drives the forecast. For more market commentary, see the MLIV blog.

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