A “Crash” Course on Recession Indicators

Over the last several months, the R-word has re-entered the lexicon of asset managers. The global economy is still decelerating. U.S. manufacturing (per the ISM PMI) has been contracting for 3 months running. And the political outlook is downright scary. But then again, the yield curve has de-inverted, equities are hitting new highs, and a Trump-Xi thaw is rumored. So what’s the verdict: Is a recession still looming or not?