Close to ending recession watch?

New Deal Democrat (SA author) made a clear statement in weekly update that I found interesting. I am not sure that I agree, but the case made is rational and data-driven – quote: “The nowcast remains positive. The short-term forecast, which has been very volatile recently, and two weeks ago was briefly positive, since then has been slightly negative. But the big action has been in the long leading indicators, especially interest rates, which have now turned very positive. If Q2 corporate profits increase in the 2nd GDP report in three weeks, as they have in S&P corporate earnings, almost certainly I will go off recession watch.” (my bold)

Time will tell … careful observations and patience are my focus

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