The article “Recession mentions are near a 3-year low for corporate America” discusses the current sentiment among corporate leaders regarding the possibility of a recession. Despite widespread economic concerns and mixed signals from various indicators, mentions of a recession in corporate America have reached a three-year low. This trend is attributed to the resilience shown by major tech companies, such as Amazon, Apple, and Facebook, which have reported surprisingly strong earnings despite a challenging macroeconomic environment.

The article highlights that while some companies are facing significant challenges, others are navigating these difficulties effectively. For instance, Qualcomm reported a significant increase in profits despite the “challenging macroeconomic environment.” Similarly, Amazon’s cloud business grew by 33% over the previous year, and Apple expects its revenue to accelerate next quarter.

The article also notes that the broader market rally, driven by diversified leadership, is indicative of a healthier market environment. Strategists like Levitt from Invesco Market Strategist emphasize that corporate bond spreads and lending standards do not show alarming signs, suggesting a mere slowdown rather than recessionary trends.

In contrast, some economists, like Claudia Sahm, caution that the Sahm Rule, which indicates a recession based on unemployment rate increases, may not be reliable in the current context due to changes in the labor market, such as increased immigration. Despite these mixed signals, the overall sentiment among corporate leaders is optimistic, with many companies reporting stable or growing business conditions.

The article concludes that while there are certainly economic challenges, the resilience of major companies and the broader market’s ability to sustain momentum suggest that a recession is not imminent.