The bigger the rise, the harder the fall. t.co/SVEaRyv9tY
— Nomi Prins (@nomiprins) July 1, 2019
This month marks the longest period of time the U.S. economy has gone without a recession, just edging past the economic cycle that ended when the dot com bubble burst.
Why it matters: This milestone comes at one of the more pessimistic moments in the last decade as economists are warning that a significant slowdown in growth, and maybe a recession,is coming thanks to the impact of trade tensions and slumping growth in other economies across the globe.
Assuming current prices are held constant, equities are pricing in a Global PMI of 53 by years end. pic.twitter.com/utir0D4O2Q
— Teddy Vallee (@TeddyVallee) July 1, 2019
the last time Composite Regional Fed Manufacturing (12-Month Change) reading was this low, the S&P was down -38.5% y/y (Dec. 2008) pic.twitter.com/4EIJJAichU
— Eric Pomboy (@epomboy) July 1, 2019