I agree, it could very well prompt a recession. Also looking at the technicals, the 1 year percent change of the S&amp;P 500 is negative, which is a strong recession indicator historically. The 150-300-39 day MACD also looks bad. These indicators have both only been negative one other time since 2009, which was in September 2015.<p>Lastly the US CAPE ratio is pretty bad too.