A Walmart-related recession indicator says the US is headed for economic stress and a Fed rate cut. Jim Paulsen pointed to the Walmart Recession Signal, a measure of Walmart's stock to a basket of luxury names. The signal has predicted the last four recessions, often spiking before the Fed cuts rates. Higher interest rates are on everyone's mind — but one under-the-radar recession signal suggests Fed rate cuts could be around the corner. Longtime Wall Street strategist Jim Paulsen, the former chief investment strategist of The Leuthold Group, says the US economy is heading for a slowdown.
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