3 Indicators Suggest It’s Premature to Abandon Recession Call

Bob Doll, CIO at Crossmark Global Investments, maintains his call for a US recession, citing indicators such as the inverted yield curve and The Conference Board's Leading Economic Index. He expects the S&P 500 to fall to a range between 3,800-4,200, a potential 15% decline. Doll urges investors to pay attention to leading indicators and warns of policy lags as rate hikes continue to impact the economy. Despite the strength of the labor market, Doll believes a recession is imminent and cautions against abandoning recession predictions.