Economic conditions continue to DETERIORATE 221222

As illustrated in The Conference Board’s Leading Economic Indicators (LEI), economic conditions are further worsening and for the fourth straight month are predictive of a 2023 recession.  (see chart) The LEI dropped below neutral (Warning signal) in July but remained above -4% (pending Recession signal) where it appeared to bounce off a low.  A recoveryContinue reading “Economic conditions continue to DETERIORATE 221222”

Fear of recession greatly exaggerated

Multiple forms of uncertainty have converged to spook the stock market to its deepest correction in a decade.  A full bear market could occur with the next major support level at S&P500 2300. Where’s the bottom?  I have no idea.  What I do know is that at some point, there will be a bottom andContinue reading “Fear of recession greatly exaggerated”