Stocks just traded like they do right before recessions begin — and one of Wall Street's biggest bulls warns a 'big test' of the worst-case scenario could fail

The stock market's correction late last year was consistent with its historical pre-recession pattern, judging by its median decline before prior meltdowns, according to RBC Capital Markets.

, its scope was eerily similar to the sell-offs that preceded prior economic calamities, according to RBC Capital Markets.prior to recessions dating back to the 1930s was 24%. The average was higher — at 32% — but skewed by uncommon downturns like the Great Recession and tech bubble., RBC's head of US equity strategy, remains bullish on stocks — so much so that she raised her year-end price target for the S&P 500 to 2,950 from 2,900.

Calvasina said all the employment indicators she tracks, from announced job cuts to manufacturing indexes in Kansas City and Philadelphia, have fallen or stalled in the last few months. She added that on the bright side, most of these indicators are still high relative to history and above the levels they fell to during the 2015-2016 growth scare.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Wall Street analysts this week are increasingly worried about Amazon hurting the stocks they coverCNBC combed through Wall Street research over the last week to see what stocks are feeling the Amazon effect. they just discovered this ? No shit ! And I’m a Wharton drop - out . Get lost
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Why is the Dow falling? Banks and tech stocks drag down market on Wall StreetU.S. stocks moved broadly lower on Wall Street Friday, dragged down by banks and industrial companies. roon0292 not good for Individual-1 Europe and China are messes.
Источник: USATODAY - 🏆 100. / 63 Прочитайте больше »