
Market Moves
Good News: An Earnings Drop Might Not Bring a 2023 Recession, Says Stovall
Profit plunges don’t always augur an economic downturn, CFRA’s top strategist finds.
His stance clashes with that of Chair Jerome Powell, a sometime adversary.
Investors will see that things aren’t getting much better, and that will reverse stocks’ recent surge, warns James Bianco.
The nation is deep into an economic hole, but right now the huge debt issue is an abstraction with no effect on daily lives. Someday, that will change. Oh, will it ever.