Current Economic Landscape

The global economy appears to be in a precarious position, particularly when examining leading indicators and market sentiment. While many believe the U.S. economy is thriving, with a strong labor market and expectations of continued growth, key indicators suggest otherwise. For example, leading indicators have shown a downward trend for over two years, signaling an impending recession. Such optimism, reminiscent of the overly bearish outlook in late 2022, is seen as misplaced, as the reality of declining metrics indicates a challenging economic environment ahead.