Looking at my favorite personal recession indicator (two initial claims moving averages compared to the S&P 500) we can see that there still has not been a crossover to confirm the beginning of the next recession. With that said, the moving averages are converging, but nothing can be concluded until we see a confirmed crossover of the averages. Historically, this indicator has been very accurate, both in calling the tops before massive bear markets, and the bottoms before bull markets. A crossover will confirm that the next recession has begun.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-