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Leading indicators continue to point to a slowing economy

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The LEI fell for the ninth straight month in November, the longest down stretch since the GFC, indicating a high risk of recession. Our Economic Timing Model fell further into negative territory, also consistent with an elevated recession risk. But initial jobless claims remained subdued, a sign of labor market resilience. Q3 real GDP was revised up, showing more underlying strength in the economy than previously estimated.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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