Longest Reliable Recession Indicator Triggered

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • Jul 18, 2023 at 11:45 PM EDT

Over a hundred years of data and very few exceptions.

Time, Time Management, Stopwatch, Industry, Economy

Image Source: Pixabay

US Industrial Production fell for the second month in a row, dropping the Fed's index below the same period a year ago. A negative yearly change in IP has accompanied all 18 of the economic contractions in the NBER's library. Only six times in over a century has IP been negative on an annual basis without any full-scale recession.

Video Length: 00:18:31

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Global Recession Wiped Out China
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Disclosure:

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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