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JPMorgan, BofA Detect Hints of a U.S. Recession Looming in 2019

  • Bank economists dust off their ‘how to spot a downturn’ guides
  • What they found: Reasons for vigilance, but no impending doom
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Jim Tisch, president and chief executive officer at Loews, explains why he sees "lots of value" in U.S. equities.Daybreak: Americas." (Source: Bloomberg)

Wall Street’s biggest banks are scouring U.S. data for signals of an impending recession. On balance, they’ve been finding that a 2019 downturn still isn’t likely -- though it’s becoming slightly more so.

The current expansion is eight months away from becoming the longest in postwar history. Most indicators remain solid enough to suggest it’ll get there. But the sell-off in stocks and an inversion in part of the bond yield curve has analysts parsing the tea leaves for anything that points to a contraction in 2019.