CHART OF THE DAY: This is the clearest sign yet that the economy will avoid a recession

• The US economy could be slipping into an expansion rather than a recession, according to Fundstrat's Tom Lee.
• Lee highlighted that earnings revisions for S&P 500 companies have started to turn higher.
• Earnings revisions typically plunge during recessions as analysts expect a slowdown in corporate profits.

Our Chart of the Day is from Fundstrat and highlights that analyst revisions for corporate profits in the first two months of the quarter are starting to turn higher for the first time in two years.

The positive earnings revisions by analysts might be the clearest sign yet that the US economy is going to avoid a recession, according to Fundstrat's Tom Lee.