The WLI just dropped again to 121.6 from 122.4. This is still above the "magic" 120 level, but this is the 4th straight week it has dropped.
The Dow closed on June 7 at 12461, up from May 31, when it was 12393.
So it's still to early to call a recession, but it could happen in a few weeks.
See also: June 1 report
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