I've been looking for a signs of economic recession for the last few years. I have seen roofing companies slow down deliveries in my local area by orders of magnitude, yet the economy seemingly roared on, I saw HVAC companies in my area do layoff after layoff, yet apparently the economy roared on.
Now these companies are still churning out business just at a slower post covid rate but at some point the chicken has to come home to roost eventually.
This double top could possibly be the first warning sign.
I don't normally chart the dow, I just glance at it on google now and then but this here caught my eye.
Feel free to chime in with your thoughts on where things will be heading.