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Michael A. Gayed says credit spreads usually peak 5 to 7 months after a recession starts, not before. By the time NBER confirms a downturn, the biggest market m

BWB News TV • 2026-07-24 16:36 UTC • By Billy Odell Tucker-Robinson
Michael A. Gayed says credit spreads usually peak 5 to 7 months after a recession starts, not before. By the time NBER confirms a downturn, the biggest market m
Michael A. Gayed says credit spreads usually peak 5 to 7 months after a recession starts, not before. By the time NBER confirms a downturn, the biggest market move is often over. His JOJO framework tracks leading signals instead.
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