Are we in a recession?


It is no surprise the market is plunging, commodities are sinking and yields are declining.

The above chart shows the decline in factory orders in the past 12 moths. The weakness in orders (and other data we follow) suggests the economy is growing very slowly and may even be in a recession.

I always said to avoid commodity sensitive sectors when the economy is sluggish. This business cycle has been no exception.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
Author, Profiting in Bull and Bear Markets

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