I found this set of recession indicator charts on market watch which updates daily. You can look at it holistically to determine whether a recession is on the horizon. https://www.marketwatch.com/graphics/market-warning-signs/#/
Yep. Winter is coming.
Hold off big purchases for now?
Like homes I assume? What about investing in stocks? What is your suggestion now that we are kind of nearing the top of the market? What kinds of stocks should we look for? I have a large cash while sitting on the sidelines, probably enough to buy a house cash down somewhere in Southern California, but I won’t do that.
Probably stocks that’s already near the bottom, but offers good dividends. Like GE, T, and VZ
Stop reading market watch dude. It’s the stock market equivalent of those scam crypto news sites. All recession indicators are bullshit astrology except for an inverted yield curve. And even though yield curve inversion is a good recession indicator, recessions are a bad stock market indicator. The market was net positive by a lot in half of the last 9 recessions. I recommend following http://www.capitalminded.com instead.
Yup! Recommend them too
Recession is here
I’m a quant. I made my own recession indicators here. No need to freak out, yet. A couple of hedge funds actively monitor my indicators, too, for signs of recession. Unemployment Momentum: https://www.tradingview.com/chart/kMep7EWC/ S&P Momentum: https://www.tradingview.com/chart/W9PK41Gh/
Koi Fish - The difference between buy and sell in your second chart is literally a hairs breath in some cases! And in your first chart, many times I have used RSI indicators to buy stock only for it to go down even more. GE is an example. I am down 50% in GE
You are not using the RSI correctly then. Research Hurst Exponent and then re-examine your RSI techniques
@Koi I generally buy when RSI dips below 20. Should I not be doing that? I thought RSI below 20 means it’s oversold
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