The bull market in stocks won't last long - and there's a 99% chance of a US recession, top economist David Rosenberg says
The stock market's powerful rally is unfounded, and the US economy is virtually guaranteed to sink into recession, David Rosenberg has warned.
"This market continues to be nothing more than a short-term momentum play," the veteran economist and Rosenberg Research president said in a morning note. "You can believe the press headlines or you can believe the leading indicators — which suggest that we do indeed have a 99.15% chance of an official NBER-defined recession," he said."And if that is the case, then it is the first time in recorded history that a fundamental bear market ended before the downturn even arrived."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Kansas U Researchers Claim 99% Accuracy Detecting ChatGPT FakesA new research paper describes an algorithm that can detect other research papers written by robots. Scientists from the University of Kansas say they developed a technique to identify ChatGPT's writing in scientific writing close to 100% of the time.
Baca lebih lajut »
Noreen Nash Dies: Actress In ‘The Big Fix’ And ‘The Red Stallion’ Was 99Noreen Nash, an actress who starred in the films The Bix Fix and The Red Stallion and had a small role in James Dean’s classic Giant, died on June 6 in Sherman Oaks. She was 99 and no details…
Baca lebih lajut »
Asian Stock Market: S&P500 Futures, yields join central bank, growth chatters to tease bearsAsian Stock Market: S&P500 Futures, yields join central bank, growth chatters to tease bears – by anilpanchal7 Asia SP500 YieldCurve RiskAversion Equities
Baca lebih lajut »
Stock Market News: GameStop shares slump, S&P 500 near bull market, SCOTUS on student loansS&P 500 nears bull market, jobless claims jump, GameStop fires CEO and Ryan Cohen takes over, Carvana recovers and SCOTUS on student loans. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Baca lebih lajut »
Stock futures dip after S&P 500 moves into bull marketU.S. stock futures eased back from near 10-month highs ahead of next week's inflation data and Fed decision .
Baca lebih lajut »