A recession indicator flashing red for 23 straight
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Posted On: 03/29/2024 5:48:28 AM
A recession indicator flashing red for 23 straight months just reversed — and that's great news for stocks
Story by mfox@businessinsider.com (Matthew Fox) •
A closely watched recession indicator has stopped flashing red after a 23-month decline.
The Leading Economic Index gained 0.1% month-over-month in February.
"The end of extended Conference Board LEI declines has generally been a positive signal for stocks," Carson Group said.
Story by mfox@businessinsider.com (Matthew Fox) •
A closely watched recession indicator has stopped flashing red after a 23-month decline.
The Leading Economic Index gained 0.1% month-over-month in February.
"The end of extended Conference Board LEI declines has generally been a positive signal for stocks," Carson Group said.
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