Chart via the Consumer Metrics Institute:
The Consumer Leading Indicators track consumer interest in major discretionary purchases. These typically include such items as automobiles, housing, vacations, durable household goods and investments. Not included would be expenditures that are more or less automatic and/or non-discretionary, such as groceries, fuel or utilities.Tracked daily through March 29.
This is not at all what a recession looks like.
(ht David Jensen)