In the current efforts to lower inflation, policymakers have shied from including “recession” in their commentaries and prognostications. Instead, more frequently, the phrase “demand destruction” has been used. It is an acknowledgement that a primary cause of higher inflation at this time is demand outstripping supply. Seen earliest in the supply chain disruptions, the focus now is on excess demand in the labor market. Certain indicators provide insight on potential economic recession ahead which in turn indicates the timing of stock market cycles shifting from bear to bull. A review of key variables can provide perspective for investing amidst the potential demand destruction ahead.