A $145 billion chief economist says the US market is past its peak — and warns there's nothing else in the world that can step in to take its place

📆 2018-11-01 12:24 PM
📰 BusinessInsider

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Larry Hatheway, the chief economist at GAM Investments, says the US stock market has reached a stage where it's beyond its peak — and warns there's no other global market capable of filling the void.

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So this chief economist is a pessimist. Probably a negative Democrat, too.

Job cuts announced by U.S. employers reached the highest level in more than three years in October, a possible warning sign that the strong U.S. economy is slowing,

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