Confucius: the man who broke the mountain was the same man who started ...
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This Is Why The Stock Market Is Rallying While The Economy Tanks
Forecasters are calling for a second-quarter GDP contraction of at least 30%, according to the Blue Chip survey, while the model from the Federal Reserve Bank of Atlanta (GDPNow) calls for an much steeper 52% retrenchment. Yet, the S&P 500 index is down less than 7% this year after rallying more than 35% from its low point of March 23. There seems to be a huge disparity between the economy and the stock market. There is a way to reconcile both numbers, however, if the economy turns around quickly and ends up the year nearly unchanged. In that case, the stock market rally would be justified and could even have some ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...
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