Weekly Leading Index

The Economic Cycle Research Institute is predicting that a recession will soon begin.  One of their tools is the Weekly Leading Index.  When this drops below 120, it probably means that we are in a recession.  It last dropped below 120 in October 2008, and stayed there through July 2009.  It dipped below 120 in October 2011 for a couple of weeks before rising again.  It is currently at 123.2.  It is something to watch.