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We have a stock market that is bubble that is ready to pop. The result will be disastrous, just like the Great Depression.
Markets may be on a tear this year, but the economy is under the most pressure since 2008 and could still easily fall into recession, research firm says
Thee US is still on the precipice of a recession despite stocks rallying this year amid forecasts of a soft landing, and according to a note from Capital Economics on Thursday, the economy is under the most pressure since the Great Financial Crisis in 2008.
The research firm pointed to extremely tight financial conditions after the Federal Reserve aggressively hiked interest rates over the past year, raising its target interest rate to its highest range since 2001.
That's led to the tightest financial conditions since 2008, the firm said, pointing to financial condition indexes, or FCIs, which show financial conditions in US, Europe, Australia, Canada, and Japan nearing Great Recession levels.
Dow sees first bearish ‘death cross’ since March 2022. Here is what typically happens next.
The Dow Jones Industrial Average notched its first “death cross” since March 2022 on Monday, in what some have described as the latest ominous development for stocks as the market looks to extend its November rebound rally.
This time around, two straight sessions in the green weren’t enough to keep the Dow out of death-cross territory,
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