Last week the headlines were filled with recession now. The yield curve inverted 2 vs 10 year bonds. It was 0.01% and only lasted a few hours. Then they went on to the new crisis of the day.
Today 34% of economists say they expect a recession in 2021. Most others, later or not taking a position.
The stock market is still climbing the wall of worry, it has yet to reach the euphoria of when my barber starts giving me stock tips. That is the sign we are ready for a recession. We ain’t there yet.