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Not scared of a recession...yet

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Our favorite early recession indicators include a 10-2 yield curve inversion, peaking S&P 500 operating margins, rising unemployment, and plunging consumer confidence. Only the yield curve inversion indicator has triggered. That so few indicators are flashing a recession warning adds to our conviction that cyclical sectors are likely to break out.

Ned Davis Research | Equities | U.S. Sector & Industry Focus | Weekly

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