Why an indicator that has foretold almost every recession doesn't seem to be working anymore
![Why an indicator that has foretold almost every recession doesn't seem to be working anymore](https://media-cldnry.s-nbcnews.com/image/upload/t_fit_1500w/rockcms/2024-07/240724-wall-street-nyse-ew-350p-e683f7.jpg)
Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way.
Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way.