Here’s a list of recession indicators and where they stand, according to Bank of America
Traders work on the floor of the New York Stock Exchange on February 27, 2020.
Scott Heins | Getty Images
Fears that the fast-spreading coronavirus will disrupt global supply chains and tip the economy into a recession are gripping investors on Wall Street.
In a tumultuous week for equities, the 30-stock Dow swung 1,000 points or more twice within three days. The Dow lost nearly 1,000 points (more than 3%) on Thursday, and added even more sharp declines on Friday, tanking more than 750 points.
While uncertainty reigns, Bank of America created a list of possible recession triggers to monitor the state of the markets and the economy.
Here’s the full list of potential recession triggers to watch, according to Bank of America.
- U.S. consumer strength waning
- Small business confidence collapses below 100
- Jobless claims climb above 250,000
- Lower U.S. mortgage activity
- Likelihood of President Trump being reelected dipping