CHART OF THE DAY: This Economic Indicator Always Peaks Before Recession

CHART OF THE DAY: This Economic Indicator Always Peaks Before Recession - 11.25.15 EL chart

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to subscribe. 

"... Unless you think it’s the 1990s (newsflash: it’s not), US Consumer Confidence always puts in a cycle peak in the 100-110 range, right before a US recession. Yesterday’s reading of 90.4 for November dropped almost 10% from 99.1 in October."