Recession Forecasts At Odds With Bullish Formations

glowing graph 2

Jonathan Kitchen

Despite mounting evidence supporting recession forecasts, the stock market remains at odds with that outlook. Such leaves investors in a predicament of avoiding a further drawdown in the equity markets but not wanting to miss out on a potential

no durable rally in stocks until cycle turns

economic output composite index vs. LEI 6-mo ROC

bullish formations


bullish percent index vs. S&P 500 index

equities have typically troughed 6-9 months before earnings reach their low in past bear markets.

The Federal Reserve & Financial Crisis

CPI annual inflation rate (%)