Prior to the September 1929 economic downturn, the NYSE Daily Advance/Decline Line had trended sharply lower since early 1928—a sign the market was sniffing out trouble. Today, with the latest highs in the blue chips having been confirmed by the major bellwethers, if a recession materialized in Q1-25, it would likely be the market’s worst failure in history from an economic forecasting perspective.
Dec
06
2024
Would A Recession Blindside The Market?
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