The Seasonal Trends in Global MECO

The current small rebound in consumption and the positivity surrounding equity markets compared to the positioning entering the year is reminiscent of what happened in late 2007 into 2008. See a small rebound in cyclical assets in consumption just ahead of the actual recession because a recession never arrives until no one plans for it. When everybody leans in such direction, it never occurs. So we need the positivity to gain momentum throughout this quarter and into the second quarter to be able to be surprised on the downside again in the economy. And that is when the potential recession could arrive. That was all for signal signals this week. I hope you liked my little tour into seasonal adjustment methodologies from the Census Bureau and the Bureau