Majority of Recession Indicators Still Flashing Warning Signs Despite Recent Economic Positivity
• 7 of 12 recession indicators tracked by ClearBridge Investments still signal a downturn could happen despite recent economic strength
• Warning signs include plunges in housing permits, job seeker sentiment, wage growth, manufacturing orders, profit margins, money supply, and yield curve inversion
• Consensus has swung back towards prospects of a soft landing, but monitor still warrants caution
• Accommodative Fed policy doesn't necessarily prevent recessions from happening
• Key metrics bear watching in months ahead for clearer sense of economic trend