Stock Market Predicts No Recession
This is a news story, published by Yahoo Finance, that relates primarily to The Leuthold Group news.
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Recession fearsInsider
•US Politics
US Politics
'No recession bet whatsoever': The stock market isn't pricing in any sort of economic downturn, investment firm says
85% Informative
Equity managers are acting like "there's no recession risk whatsoever," The Leuthold Group says.
Historically, an increase in defensive valuations has preceded a recession, but that's not happening.
Cyclical stocks typically trade at a discount during recessions because their earnings are more vulnerable to economic slowdowns.
Recession fears have come down since reaching a fever pitch in April .
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