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Aug 07 2019

Conflicting Counsel?

  • Aug 7, 2019

This is why financial market prognostications are so difficult and why some believe fruitless! Currently, two recession indicators – both with equally impressive accurate historical prowess – are giving entirely contradictory signals? As shown by the accompanying charts, the yield curve has inverted while fiscal stimulus has been expanding. At least since 1965, this has ‘never’ happened. 

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James Paulsen / Chief Investment Strategist

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