Posted on Jul 2, 2023
What recession? Why stocks are surging despite warnings of doom and gloom
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https://www.npr.org/2023/07/01/ [login to see] /ai-recession-inflation-interest-rates-economy-wall-street-stocks-rally
It has been a hell of a year so far. Three regional banks collapsed, the United States came close to defaulting on its debt for the first time in its history, and the Federal Reserve continued to hike interest rates aggressively.
But despite all that, the stock market surged in the first half of the year. What gives?
A lot has to do with the economy.
Despite widespread expectations that the U.S. could be headed for a recession this year, the economy has proved a lot sturdier than many on Wall Street had forecast.
It has been a hell of a year so far. Three regional banks collapsed, the United States came close to defaulting on its debt for the first time in its history, and the Federal Reserve continued to hike interest rates aggressively.
But despite all that, the stock market surged in the first half of the year. What gives?
A lot has to do with the economy.
Despite widespread expectations that the U.S. could be headed for a recession this year, the economy has proved a lot sturdier than many on Wall Street had forecast.
What recession? Why stocks are surging despite warnings of doom and gloom
Posted from npr.org
Investing
Stock Market
Stock Trading
Economics
Banking
Posted >1 y ago
Responses: 3
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Yeah, it’s been wild seeing the stock market defy all the recession talk. It feels like every time there’s a major crisis, the market just shrugs it off and keeps climbing.
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Conservatives will keep complaining. Why do conservatives continuously vote down helping Americans?
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Great news for those with money to invest -- rich getting richer. When most in the country are focused on basic necessities, stock are not in the picture.
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