No Recession in Front of Us.

Economic Cycle Research Institute managing director Lakshman Achuthan, interviewed by Ron Insana on CNBC, suggesting that ECRI feels there is "no recession in front of us" based on their proprietary leading indicators. While consumer confidence has dropped recently, ECRI's leading indicators continue to hold up. The main negative is that there are signs of future inflation cropping up.

CNBC Video: Political Shocks and the Market.

[The comments on these topics are towards the end of this clip.]