Interesting Leading / Lagging Ratio indicator

https://twitter.com/JeffWeniger/status/1614743100554878983

8 times it fell this hard. 8 times we had a recession. It's the Conference Board Leading Indicators divided by Lagging Indicators. All 8 times it fell 10.6% or more, which is the current decline, we were in recession at that very moment. Recession right now