Wall Street is watching a key recession indicator that keeps flashing yellow

The gap between short- and long-term bond yields, known as a yield curve, has remained narrow, a sign of weak economic prospects. 
Such bearish signals conflict with a rallying stock market that continues to set records. 
"It is possible that both signals are right," argues Lena Komileva of (g+) economics. There’s a new battle line in financial markets that’s dividing economic bulls from bears: the Treasury yield curve.
In particular, the gap between short- and long-te