JPSE - We Might Already Technically Be In A Recession

April, 28 2022 12:05 PM JPMorgan Diversified Return U.S. Small Cap Equity

GDP growth figures are notorious for revisions, but the headline number missed pretty badly, coming in at -1.4% annualized after inflation vs. an estimate of +1.0%.
Here in Texas, restaurants that were packed this time last year on weeknights are only about half full, while road traffic seems to be easing.
I remember the same thing in 2008 and March 2020, although this time is not as noticeable.
One wonders if the stimulus distorted market signals badly enough to set us up for a fall by building too many houses, hiring too many people, and maybe pumping too much oil.

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Company Name:	JPMorgan Diversified Return U.S. Small Cap Equity
Stock Symbol:	JPSE
Market:	NYSE