No traditional recession indicators raising their hands, but valuations are
https://twitter.com/RecessionAlert2/status/1009848956208271362
With the caveat that a clear improvement in our measures of market internals would shift us to a neutral/constructive near-term outlook, the recent low-volume squeeze has returned the most reliable valuations we track to the highest 0.5% or less of historical extremes. Just FYI. pic.twitter.com/3KPLsnrl55
— John P. Hussman (@hussmanjp) June 21, 2018