Recession or Not? We Could Be in the Eye of the Storm

Our economy is showing one major sign we’re in a recession, but there are at least seven other red flags currently waving. It’s tough to ignore a threat like that.

A hole in the clouds over the sea.
(Image credit: Getty Images)

After suffering the worst six-month loss in over 50 years the S&P 500 and other indexes stabilized and then rallied for two months only to face more volatility to the downside. In fact, after the most recent inflation figures were released on Sept. 13, the S&P fell more than 4% – its worst single-day drop since 2020.

It’s very likely that the downturn we have been experiencing will get much worse and the bear market is likely not over.

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Mike Piershale, ChFC
President, Piershale Financial Group
Mike Piershale, ChFC, is president of Piershale Financial Group in Barrington, Illinois. He works directly with clients on retirement and estate planning, portfolio management and insurance needs.