Assessing the risk/reward bargain for the market into 2023, even if a recession awaits

  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

After a slight pullback last week, the S&P 500 has held most of its autumn rebound rally and sits exactly where it did seven months ago.

In a year of slippery markets, the tape has shown itself to be surprisingly sticky. Sure, the indexes lost their footing last week, the S & P 500 skidding 3.4 percent from exactly the perch the skeptics would have bet it would, the level just above 4000 that marked the invisible but so far impenetrable downtrend line from the Jan. 3 market peak. Yet where it spent most of the last week and in fact the past month, was a familiar spot, between 3900 and 4000, closing at 3934.

This sums to a picture of a broadly slowing economy, and yet the starting point was such a high level of activity – of goods demand, of consumer savings, of corporate profitability, of employment – that conditions can worsen without getting truly bad for some time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$RNVA two hundred and fifty billion shares authorized meaning that there was no need for a reverse split for the foreseeable future. if recession people will still need healthcare

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines