“Davidson” submits:

Real Personal Income posts a record high. The typical recessionary signs are not present even with many still discussing “Recession’. Previous recessionary periods have been forecasted by slowing Retail Sales and slowing Real Personal Income trends. That trends are continuing nearly guarantees that a recessionary environment is not ahead of us. While trade disputes have slowed global trade with China and its financial system suffering declines, US economic activity remains strong and on trend.

At some point, market psychology will shake off its pessimism and US equity markets to benefit.

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