First: The Twinkie-in-Chief and his loyal dregs of humanity had nothing better to do today than to troll a 16 year old climate activist with autism. People who treat their own bodies like toxic waste dumps will never give a damn about this planet. Fortunately, Judgment Day appears near at hand for the desecrators...
By the time economists acknowledge recession, the stock market will be substantially lower. In 2008 for example, the stock market was -55% lower...
December 2008:
"The NBER is a private group of leading economists charged with dating the start and end of economic downturns. It typically takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures."
It took a full year for EconoDunces to acknowledge what average Americans already knew. Which shows today's value of a PhD in Economics: $0
Aside from Google search trends, the leading indicator for recession last time was the fact that recession safe havens/low volatility bond proxies - Consumer Staples, Defense stocks, and Utilities were leading the market. Just as they are right now. Today's new highs list is almost entirely safe havens.
Here we see that the top in Utilities stocks peaked coincident with the beginning of recession:
Here we see that "low volatility" bond proxies are up 30% year to date in 2019:
Here we see Southern Company Utility up 45% year to date.
Here we see Tech momentum stocks just broke the 200 day on heavy down volume:
"Low volatility" is yet another example of misleading advertising merely designed to con the masses
