Despite intense focus on the yield-curve inversion, some on Wall Street see it as a red herring

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A trader works at the New York Stock Exchange in New York, the United States, on Aug. 5, 2019. U.S. stocks plunged on Monday as investors worry that U.S. President Donald Trump’s threatened new tariffs on Chinese imports will worsen trade prospects. The Dow Jones Industrial Average decreased 767.27 points, or 2.90 percent, to 25,717.74. The S&P 500 fell 87.31 points, or 2.98 percent, to 2,844.74. The Nasdaq Composite Index was down 278.03 points, or 3.47 percent, to 7,726.04. (Photo by Guo Peiran/Xinhua via Getty Images)

Guo Peiran | Xinhua News Agency | Getty Images

The dreaded inverted yield-curve has arrived. It’s a key data point for investors who fear it means trouble ahead for the economy — and a possible end to this historic rally in the stock market.

But if history is any indication, rate-obsessed stock investors might be in better


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