Interesting comments this morning from the Conference Board who released their Leading Economic Index.

Here is the exact quote:

“The leading index currently does not signal recession ahead. While no longer forecasting a recession in 2024, we do expect real GDP growth to slow to near zero percent over Q2 and Q3”

Its called a Recession-Like Slowdown. Translation: Lower inflation and lower mortgage rates this year.

Applications are down 10% with year over year down 13%. You are being presented a gift. A gift of less competition.