UnemploymentThe unemployment rate recession model (article link), has been updated with the April UER of 5.0%. Based on the historic patterns of the unemployment rate indicators prior to recessions one can reasonably conclude that the U.S. economy is not likely to go into recession anytime soon
Here is the link to the full update.
The Dynamic Linearly Detrended Enhanced Aggregate Spread:The Dynamic Linearly Detrended Enhanced Aggregate Spread (DAGS) is a long leading recession indicator, (article link); the latest DAGS level is above the recession warning trigger line, indicating that it is highly unlikely for a recession to start during the next 9 months.
Coppock Indicator for the S&P500The Coppock indicator for the S&P500 generated the last interim buy signal on January 31, 2014 and a sell signal early in January 2015. This model is now out of the market. This indicator is described here.
Trade Weighted USDThe TW$ value has fallen halting, for now, the upward trend of the 6 month moving average .
TIAA Real Estate AccountThe 1-year rolling return for the end of last month is 6.89%. The Vanguard REIT Index Fund is at an all-time high; the good positive returns of TIAA Real Estate Account are expected to continue. A sell signal is not imminent.