New Indicator Suggests a Recession Is Likely To Come in 2 Months
A main economic indicator is flashing signs of a recession and has historically been accurate for the last five decades. The indicator called the Heavy Truck Index which tracks the performance of the 10-month moving average of heavy truck sales is showing signs of a downturn after its recent peak. Guilherme Tavares, the CEO of i3 Invest wrote that every time this occurred, the economy has slipped into a recession. He shared a chart on X indicating that the US might be less than three months away from a downturn. His prediction comes at a time when Dow Jones, Nasdaq, and the S&P 500 index hit new highs this year but are facing a bloodbath after Trump’s renewal of tariffs. Source: X / Guilherme Tavares Also Read: Buy Cardano Now: Potential 550% Upswing Predicted, New Target $3.85 Recession Likely To Arrive Before October 2025 Source: Dado Ruvic / Reuters / CNBC Tavares wrote that heavy truck sales are a reliable indicator that highlights the chances of a recession. The downturn...
