The negative earnings to price divergence ratio is the highest in the past 2 years showing that stocks are overvalued, which also affected recession odds.

The Markit report has a higher correlation with manufacturing production than the ISM PMI which only includes large firms. Which is right?

Consumers weren’t as relatively optimistic in the recent Conference Board survey as the ECRI leading index had the highest yearly growth in about 17 months.

The recent PCE report supported the narrative that the economy is in a slowdown as there was weakness in income growth, consumption growth, and inflation.

Boosted Q4 GDP growth tracking estimates may actually rise too far because October might not be repeated for the rest of the quarter.

Negative economic reports have been ignored by the market which has rallied higher even though business investment is falling.

If this becomes a trend, the manufacturing recession is on its way to being over and 2020 economic growth will show improvement.

The labor market is less dynamic and leading indicators index is close to signaling a recession if data continues to weaken.

Global markets are correlated in the short term, but diverge over time. Weak Q4 GDP growth could be a negative catalyst if no rate cuts are planned.

The S&P 500 is overbought and due for a correction based on a few indicators and is the consumer weakening at the exact worst time of the year?