Recession might be in the cards, if history’s a guide: Analyst

Recession - Public Domain

Stocks ended the week on a high note despite hitting a two-year low on Thursday. Despite the gains, the major indexes still saw a second straight week of losses, but one noted technician says he’s spotted a key indicator in the market that signals more turmoil ahead.

“When you see the relative performance of utilities, bonds and the S&P 500 index acting opposite to each other, you’re about to get another contraction,” Cornerstone Macro technical analyst Carter Worth told CNBC’s “Fast Money” traders last week.

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