index’s trajectory continues to signal a recession ahead

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index’s trajectory continues to signal a recession ahead

While most of the ten components fell in the second half of 2022, the weakness in non-financial components drove the overall decline. 📉

While these declines were more or less expected, what has investors worried is that the index’s trajectory continues to signal a recession ahead. And while no forecasting system is perfect, this one has a pretty good track record. 

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