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Are we in a recession? Yes — if you live in one of these 22 states.

1. 22 states are experiencing economic weakness with job losses likely continuing. 2. California and New York are crucial; their faltering could tip the economy. 3. Economic policy and tariffs are creating uncertainty and impacting growth. 4. Current GDP growth is strong, but job markets show signs of weakness. 5. Weak sectors include agriculture, light manufacturing, and transportation.

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FAQ

Why Bearish?

Overall economic weakness increases recession risks, similar to 2008 trends.

How important is it?

The economic outlook directly influences investor sentiment affecting SPY's valuation.

Why Short Term?

Immediate economic signals suggest volatility in stock markets in the coming months.

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