Corporate earnings calls are no longer littered with talk of recession.
Mentions of “recession” are set to fall for a fifth straight quarter, new data from FactSet showed, and reach the lowest level since the fourth quarter of 2021.
Through last Friday, 470 members of the S&P 500 had reported quarterly results and 53 had mentioned recession. That’s down from 237 at this cycle’s peak in the second quarter of 2022 and 61 in the prior quarter.
The five-year and 10-year average number of recession mentions from S&P 500 companies stand at 84 and 60, respectively.
However, FactSet noted in its report the team is searching for the word “recession,” not “slowdown” or other buzzwords that could signify overall weak consumer demand moving forward.
A sampling of recent retail earnings shows that while companies aren’t talking about a recession explicitly, they aren’t exactly projecting there will be…
