A recession indicator flashing red for 23 straight months just reversed — and that's great news for stocks

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A recession indicator flashing red for 23 straight months just reversed — and that's great news for stocks

Spencer Platt/Getty ImagesA closely watched recession indicator has stopped flashing red after a 23-month decline. The Leading Economic Index gained 0.1% month-over-month in February."The end of extended Conference Board LEI declines has generally been a positive signal for stocks," Carson Group said. A closely watched recession indicator has stopped flashing red after a 23-month decline, and that's great news for stocks, according to Carson Gro…