Coincident and leading data for US economy is weak

This week, we had update on durable goods and housing. With the latest data points, the "hard data" average for the US economy is weak:

This type of weakness is normally associated with recession. It is still early to make this conclusion: Recession is "pervasive weakness" and a few months of below average or negative growth is not yet pervasive. On the other hand, we have ECRI leading indicator also pointing to future weakness:

Finally, the US growth barometer has stabilized but is still divergent from stock market:

Stocks remain near all time high but the backdrop is negative. It will not take much the cause a waterfall declines.