Don’t Confuse a Soaring Stock Market for a Roaring Economy - The Stock Market Has Become a Poor Proxy for the U.S. Economy

FTI Consulting

Does anybody find it strange that so much of the conversation in the business media these days is focused on slowing economic growth, record amounts of corporate leverage and a possible recession in 2020 while the stock market is in full melt-up mode and flirting with near record highs? Or that the Fed’s expressed concerns of economic headwinds that justified its pivot on monetary policy caused stocks to rocket higher? Or that a yield curve that recently inverted, historically a reliable leading indicator of recession, has been virtually ignored by equity markets?

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FTI Consulting

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