The recession is over in all but name. Why a retreat for stocks might be fast approaching, according to Deutsche Bank.

The organization that in the U.S. says whether the economy is in a recession or not seems to be asleep on the job.

Over the last 20 years, there has been a 73% correlation between the annual, rolling gains of the S&P 500 SPX, -0.10% and the level of the ISM manufacturing index. That makes sense — you would expect growth assets, like stocks, to be correlated to measures of economic growth. “As growth peaks over the next three months, we expect discretionary investors to pare their positioning from extremely elevated levels, and see retail investors as unlikely to buy the dip. Using the historical experience as a guide argues for a near -6% pullback if growth flattens out near the peak, a bigger -8.4% pullback on an inverted-V in growth,” said strategists led by Binky Chadha.

Cruise operators including Carnival CCL, +1.74% and Norwegian Cruise Line Holdings NCLH, +4.61% extended Tuesday’s gains in premarket trade, on optimism over when bookings can continue. Irish discount airline Ryanair Holdings RYAAY, -0.77% said European travel restrictions will mean passenger traffic at the low end of its guidance.

A recession is defined be TWO consecutive quarters of GDP decline. Never happened Market Watch. Suggest you delete this Tweet.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Jasonsallm_l Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Why a pullback for stocks might be fast approaching, according to Deutsche BankA pullback for stocks might be fast approaching, Deutsche Bank says. The key in the late summer and autumn will be whether inflation sustains or accelerates, and how the Federal Reserve reacts. I don’t think that’s all that likely, especially if by that time the Biden Infrastructure plan gets passed by congress, fueling one of the largest job booms in years. Replacing ALL lead pipes across the country would alone give companies coast-to-coast a huge influx of money/jobs germbanks sheesh we spoke about this LOL
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Why Barclays Is One of the Year’s Best-Performing Bank StocksActivity in the U.K. lender’s investment banking arm is spurring the recovery, a vindication for Chief Executive Jes Staley. Do you think this is what people really need right now?
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »

Why Social Media Companies Can Censor Trump, And Why Your Boss Can Censor YouIn response to the January 6, 2021 assault on the U.S. Capitol by Trump supporters, various social media companies suspended or banned President Trump from using their platforms. Private companies have similar power over the free speech of their employees, depending on the context.
Sumber: Forbes - 🏆 394. / 53 Baca lebih lajut »

Why Social Media Companies Can Censor Trump, And Why Your Boss Can Censor YouIn response to the January 6, 2021 assault on the U.S. Capitol by Trump supporters, various social media companies suspended or banned President Trump from using their platforms. Private companies have similar power over the free speech of their employees, depending on the context.
Sumber: Forbes - 🏆 394. / 53 Baca lebih lajut »