The chart pictured in the post is the updated US Recession indicator from RBC Global Asset Management. You would have seen the yield curve inversion flash back when......well, the yield curve inverted. A more recent development is on the ISM front, which can be a leading indicator for the breadth and depth of economic activity.
While not a 100% guarantee, this collection of indicators have provided some very accurate forecasting over past recessions, but the question is always;
"will it be different this time?""
I think a better question is
" why would it be any different this time?"
Either way, have a look at the attached link for more information. I welcome any calls on this to discuss things further and what it might mean for an investor. Let's talk about it