Why a stock-market top would be 'very unusual' right now:
Bears contend the stock market’s largely sideways action over the last year signals a top may already be near, if not already established. But that would be out of keeping with recent history, says one economist.
As the table shows, the stock market’s peak has come ahead of the economy in the run-up to seven of the last eight recessions dating back to 1960, LaVorgna noted, with an average lead of seven months. More recently, there have been much shorter lead times from the stock-market peak to the peak in the economy, he said, which “means that strong stock-market performance could persist until very late in the business cycle.
The market’s largely sideways trade over the last 12 months — the S&P 500 SPX, -0.01% has gained 2.1% over the past year, while the Dow Jones Industrial Average DJIA, +0.06% is up 0.8% over the same stretch — “suggests that we have not seen the highs of the current business cycle,” LaVorgna said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why Trump Has Finally Forced the House to Impeach HimTrump took the anti-climactic reception of the Mueller report as carte blanche to plan his next crime
Consulte Mais informação »
Selena Gomez Reveals Why She Stepped Away From the Spotlight: 'This Is My Truth'Selena Gomez was candid about mental and emotional struggles and why she stepped away from the spotlight last year during a speech in Boston.
Consulte Mais informação »
Why Aren't More Women Novelists Celebrities?
Consulte Mais informação »
Why Today’s Musicians Are More Into Fashion Than...MusicArtists like Beyoncé, Rihanna and Justin Bieber are behaving more like Instagram fashion influencers than traditional musicians.
Consulte Mais informação »
Why Billy Porter's Emmy Win Made HistoryCONGRATULATIONS TO HIS ROYAL HIGHNESS THEE BILLY PORTER theebillyporter Emmys
Consulte Mais informação »