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Likelihood of a Recession in the next 12 months Remains Low

Jeffrey Schulze, CFA, Director & Investment Strategist  with ClearBridge Investments writes that the "ClearBridge Recession Risk Dashboard had no changes in April, maintaining our view that the likelihood of a recession in the next 12 months remains low.  Several newer indicators [were added] to the dashboard provide a broader view of the economy, including truck shipments, which is currently demonstrating healthy growth.  ... Truck shipment growth has been increasing on a year-over-year (YOY) basis, with YOY improvement of 5% or more in each of the last seven months. This pickup in freight activity is consistent with an expanding economy" (Recession Indicators Update: Keep on Trucking dated 05/01/2018)


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