Markets

A Wall Street investment chief says a divided government is a better outcome for stocks than a ‘blue wave’ — and sees 44% S&P 500 upside from current levels

Stephen Auth, chief investment officer for equities at Federated Hermes says a divided government will be a “far happier outcome for markets” than a Democratic sweep. Auth explained that a divided government will pass a substantial fiscal package while avoiding “growth-killing” tax hikes. He has a long-term price target of […]
A Wall Street investment chief says a divided government is a better outcome for stocks than a ‘blue wave’ — and sees 44% S&P 500 upside from current levels
Markets

The man behind the market’s favourite recession indicator says his model still works, even as it says everything is fine in the middle of a global economic meltdown

The market’s most famous recession signal no longer points to a recession, but Campbell Harvey, who invented the model says this is because it is predicting a recovery after the recession The yield curve is no longer inverted with the 3-month US trading at 0.14%, below all of the longer-term […]
The man behind the market’s favourite recession indicator says his model still works, even as it says everything is fine in the middle of a global economic meltdown
Markets

The market’s favourite recession indicator has stopped flashing red. But the Duke professor who created it told us everyone should still be prepared for the worst.

Campbell Harvey, the Duke University professor who uncovered the inverted yield curve as a recession indicator, says his model could some day give a false positive signal. It’s something that’s top of mind right now, as the curve has univerted in recent weeks. But Campbell argues his model isn’t broken […]
The market’s favourite recession indicator has stopped flashing red. But the Duke professor who created it told us everyone should still be prepared for the worst.