One Important Recession Indicator Just Flashed Red.

 

Should We Be Worried? Here’s Your Call to Action.

A lot has happened since last month’s commentary. The February employment report came in well below expectations (20,000 versus 180,000 new jobs). The Federal Reserve reacted by shifting course and announced a dovish stance on interest rates and monetary policy. Global manufacturing PMIs declined more than expected. And finally, the big change, the one worth noting above everything else, was a dramatic drop in long-term interest rates, leading to a very important inversion of the yield curve. Click here to read Allegiant's Monthly Insights: March 2019.