Guy Lebas (right) (CNBC/screen grab)
An analyst told CNBC on Monday that a recession is likely to hit the U.S. just months before the 2020 election.
"The inversion of the yield curve is a great signal that a recession is coming," Guy Lebas of Janney Capital Management explained. "Recessions by their nature are impossible to predict with any confidence but we have a few clues."
Lebas pointed to corporate capital expenditure plans as a sign of economic stress.
"They are hinting somewhere in the early to mid portion of 2020," he said of a possible recession.
Watch the video below from CNBC.
