The U.S. Is Getting Closer to a Recession, Data Show

In a recent report, it said the U.S. entered the late stage of the business cycle late last year. The late phase, whose average duration is a year and a half, shows slowing GDP and profit growth amid central bank tightening. Read: Stock Market Bulls Should Be Worried About This Data Point

That’s a classic sign of the business cycle’s last phase before recession sets in, and it’s reflected in recent stock performance.

Source: www.barrons.com