There’s a wide range of sectors either in or approaching recession but the US stock market has been holding near all-time highs. What’s going on? In the first part of today’s Big Picture, Jim answers this question looking at the LEIs, Fed monetary policy, our own recession indicator, and provides his own forecast for where the US is headed. In part two, “Approaching the Peak – Critical Pivot Points,” Jim looks at the investment implications, a possible hard landing vs. soft landing for the markets and economy, and where the next crisis is likely to develop.
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