From Investing.com: 2024-05-23 15:41:00

Recent economic data shows a weakening economy, not yet in recession. Philly Fed Index fell, US data flat in April, factory output -0.3%. Conference Board Leading Economic Index dropped 0.6% in April to 101.8. This signals soft economic conditions ahead. Market data warns of recession, with inverted yield curve since 2022. Rising inflation hurting middle class, consumer fatigue evident in lower Target sales. Gold outperformed S&P in volatility, showing risk in holding traditional portfolios. Successful investing requires understanding inflation impact on assets. Michael Pento offers insights on navigating economic conditions for investment success.



Read more at Investing.com: Economy Slowly Slipping Into Recession, but Not There yet