10/09/18

Recession Risk Looms - When NOPE Means Yes!



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Recession Risk Looms - When NOPE Means Yes!
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While asset-gatherers, commission-takers, and Fed-tinkerers desperately shrug off the recessionary signal from a collapsing Treasury yield curve, there is another 'spread' that is screaming "trouble ahead."

The last few months have seen Philly Fed New Orders tumbling, but without a concurrent slowdown in Prices Paid.

h/t @LeutholdGroup

The spread between New Orders and ...

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