The bear market is over. But the bear economy isn’t. The eurozone has sunk into recession and some economists fear the United States is next. We’re worrying about rate hikes, inflation, lower spending, layoffs, surging mortgage costs and a war in Europe. That’s a strange place to find a bull market. “You tend to see bull markets coincide with economic expansions, not economic contractions,” said Sameer Samana, senior global market strategist for Wells Fargo Investment Institute.
A narrow market The S&P 500 rallied Thursday to end the day in a bull market, marking a 20% surge since its most recent low, reached on October 12, 2022. That brought an end to the bear market that began in January 2022, since a 20% lift from recent lows is generally accepted as the definition of the start of a bull market. However, there is no exact definition — and the current market situation is a bit more nuanced than the typical bull market-bear market binary.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
First on CNN: Raj Shah out at Fox in wake of historic Dominion settlement | CNN BusinessRaj Shah, the Fox Corp. brand protection executive who pushed Fox News in an even more pro-Trump direction after the 2020 election, has left the company.
Источник: CNN - 🏆 4. / 95 Прочитайте больше »
China's exports tumble in May as global demand falters | CNN BusinessChina’s exports shrank much faster than expected in May and imports fell, albeit at a slower pace, as manufacturers struggled to find demand abroad and domestic consumption remained sluggish.
Источник: cnni - 🏆 326. / 59 Прочитайте больше »
FAA delays flights into New York's LaGuardia airport as Canadian wildfire smoke spreads | CNN BusinessFor the second day in a row, the US Federal Aviation Administration has issued a ground stop for flights bound for New York’s LaGuardia airport as smoke from Canadian wildfires continues to spread across the northeastern United States.
Источник: CNN - 🏆 4. / 95 Прочитайте больше »
Mask and air filter sales spike on Amazon as Northeast still lives with smoke | CNN BusinessSome of the worst air quality levels on record on the East Coast are impacting consumer shopping patterns and driving air purifier stocks higher. Smoke from Canadian wildfires is creating hazardous air quality.
Источник: CNN - 🏆 4. / 95 Прочитайте больше »
Lionel Messi's signing sparks sharp rise in Inter Miami ticket prices | CNN Business“Messi mania” has reached the United States, if ticket prices are any indication. On Wednesday, soccer superstar Lionel Messi said he’s going to join the Major League Soccer club Inter Miami, a blockbuster announcement that shocked the sporting world.
Источник: CNN - 🏆 4. / 95 Прочитайте больше »