Paul Samuelson once said, “The stock market has predicted nine of the last five recessions.”
Said differently, a downturn in the market doesn’t always precede a downturn in the economy. Yes, the stock market is forward-looking, but sometimes it sees things that aren’t there.
At its low, the S&P 500 was 25% below its high. It’s hard to completely dismiss this as a leading indicator and I…
Said differently, a downturn in the market doesn’t always precede a downturn in the economy. Yes, the stock market is forward-looking, but sometimes it sees things that aren’t there.
At its low, the S&P 500 was 25% below its high. It’s hard to completely dismiss this as a leading indicator and I…
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