UnemploymentThe unemployment rate recession model (article link), has been updated with the Maqrch UER of 3.6%. The model does not signal a recession.
Here is the link to the full update.
The Dynamic Linearly Detrended Enhanced Aggregate Spread:
The updated level of this indicator, -212bps, below last months -199bps, confirms the January 20, 2017 signal. Based on past history a recession could have started as early as October 2017, but not later than January 2019. The average lead time to previous recessions provided by DAGS was 15 months which would indicate a possible recession start for April 2019. (Note: All our other recession indicators are far from signal a recession.)
CAPE-Cycle-IDFig 9a depicts the CAPE-Cycle-ID and the year-on-year rate-of-change of the Shiller CAPE; the level moved from 0 to +2 end of April-2019. This indicator is described here.
To avoid the bear market, exit stocks when the spread between the 5-month and 25-month moving averages of S&P-real becomes negative and simultaneously the CAPE-Cycle-ID score is 0 or -2. (read more)
Estimated Forward 10-Year ReturnsThe estimated forward 10‐year annualized real return are estimated at 5.9% with a 95% confidence interval : 4.5% to 7.3%, which are down 0.1% from last month.
iM-GT TimerThe iM-GT Timer, based on Google Search Trends volume switched to cash on 11/1/2018 and remains out of the market. This indicator is described here.
Trade Weighted USDThe Trade Weighted $ value is on a moderate rising trend.
TIAA Real Estate AccountThe 1-year rolling return for the end of last month is 5.58%. A sell signal is not imminent.