Surveillance: Market Malaise Echoes 2007's Calm Before Storm
History offers a reminder that cycles can take a while to play out
Wall Street is looking for direction with the a widely expected US recession yet to arrive.
Photographer: Victor J. Blue/BloombergStocks and bonds are stuck in a holding pattern, trying to figure out where to land amid a cloud of uncertain data. There’s a clear cooldown in the US economy, and yet equities are pricing in a much more optimistic view of the future than bonds.
It reminds NewEdge Wealth’s Cameron Dawson of 2006 and 2007, ahead of the 2008 crash.