The fact that our model hasn’t yet placed us there of course doesn’t mean that it won’t very soon. But in that we’re not the least bit interested in being see-we-told-you-so heroes, we’ll simply wait till our work says simply that near-term recession odds trump continued expansion odds. The last time it did was in August 2019; recession followed 5 months later.
So why doesn’t it now?
Here you go:
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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.