Orange bars indicate recessions calculated by the NBER. Keep in mind, they waited a year to spawn in the 2008 information. Appears to have entered into the steepening phase with a MACD cross on the 2 month. Also a cross on the 21 period moving average. I believe this to be a little more accurate than the Sahm rule.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.