Leading Indicators Still Forecasting A Recession

Schwab Network

The economy is currently complex and a mixed picture, notes Cheryl Smith. She discusses how major indices are on track for a winning week. She talks about the headline CPI is bouncing around but is trending down. She goes over how leading economic indicators are forecasting a recession with high probability which will happen slowly until it happens all at once. She also looks at negative signs in a strong labor market. She previews the next FOMC meeting, highlighting the CME FedWatch Tool. She then mentions how futures are mixed as big banks kick earnings season into gear. Tune in to find out more about the stock market today.