Exiting recession signals on Conference Board.

Speaking of recession signals, the Conference Board's Leading Economic Index's recession signal is no longer triggered. We've exited that signal in the last couple of months.

This index uses the leading economic indicators. Historically the recession signal would indicate a recession was imminent within the next 12 months.

This was another false positive like the yield curve.

Perhaps this would be a clue to people to not treat these historical patterns as gospel. We are in unique economic conditions such that many of these patterns have been misleading.

Rather people should judge the economy based on the actual underlying data.