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- A closely watched recession indicator has stopped flashing red after a 23-month decline.
- The Leading Economic Index gained 0.1% month-over-month in February.
- "The end of extended Conference Board LEI declines has generally been a positive signal for stocks," Carson Group said.
A closely watched recession indicator has stopped flashing red after a 23-month decline, and that's great news for stocks, according to Carson Group strategist Barry Gilbert.
The Conference Board's Leading Economic Index gained 0.1% month-over-month in February, ending a near two-year decline.