Alyan Ahmad
Alyan Ahmad 2 minutes reading from Bitcoin

US Entered a Recession in 2022, Says U.S. Entering a Cession in 2022

U.S. entered a recession in the summer of 2022.

Gross Domestic Product (GDP) Most Recent Report: Q2 GDP -0.6% (preliminary) Grade: Bad

Consumer Price Index (CPI) Most Recent Report: August CPI +8.3% Grade: Bad

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ISM Manufacturing Index Most Recent Report: August ISM Manufacturing 52.8 Grade: Good

Industrial Production Most Recent Report: August Industrial Production -0.2% Grade: Neutral

Retail Sales Most Recent Report: August Retail Sales +0.3% Grade: Neutral

Conference Board Leading Indicators Most Recent Report: August Leading Indicators -0.3% Grade: Bad

The Stock Market (S&P 500) YTD Performance: -23% as of September 30 Grade: Bad

Treasury Yield Curve 10-year / 2-year Spread: -0.40%, as of Sept. 29 Grade: Bad

Unemployment Rate Most Recent Report: August Unemployment 3.7% Grade: Good

Initial Jobless Claims Most Recent Report: Sept. 24 Initial Claims 193,000 Grade: Good

Job Openings and Labor Turnover Survey (JOLTS) Most Recent Report: July JOLTS 11.2 million Grade: Good

University of Michigan Consumer Confidence Survey Most Recent Report: August Consumer Confidence 58.2 Grade: Bad

NFIB Small Business Optimism Index Most Recent Report: August NFIB small business index +1.9 points Grade: Bad

Housing Starts Most Recent Report: August Housing Starts +12.2% Grade: Bad

NAHB Home Builders Index Most Recent Report: September NAHB 46 Grade: Bad

What Is the Recession Tracker Telling Us? Good: 4 Neutral: 2 Bad: 9

This post is based on this twitter thread.

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