The S&P 500, Dow and Nasdaq rose Tuesday as investors decided it was too soon to worry about a pullback — even as bond yields remain depressed."We've still got some run time," said Brad McMillan, chief investment officer at Commonwealth Financial Network. The equities rally, he added,"can persist for a while.
However, it's not a given, and wait times remain imprecise."In addition to there having been 'false positives,' an inversion doesn't help define either the length of runway between the inversion and the subsequent recession; or the severity of the recession," Liz Ann Sonders, chief investment strategist at Charles Schwab, said in a note Monday.There's also a persistent calm regarding US economic fundamentals. The US economy has added jobs for the last 101 months.
~ ruh roh… we know what happens when we ignore a predictor.
Boy now you guys are wishing for a recession.
Russia? Nope. POTUS possibly banging a porn star & playboy bunny? Nope. (High fives if he did) Russia again? Nope. Economy? Nope. Russia again again? Nope. Back to economy. Nope.
Total fear mongering by the liberal media that hopes the economy tanks right before the Trump re-election. They will work overtime to make you believe our economy sucks.
'A reliable recession predictor flashed in the US bond market last week. At first, stocks shuddered. Then they shrugged it off.' In other words a CNN story about bugger-all.
with their daily attempts to crash the economy so that they can blame Trump. FakeNewsCNN EnemyOfThePeople
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Source: MarketWatch - 🏆 3. / 97 Read more »