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The S&P 500 is not a solid indicator of overall economic strength, and can reverse very quickly... Change my mind?

• alexb_ 3y ago
  If you're so confident that it will reverse, why not put your money where your mouth is?
  • JimtheCoder 3y ago
    I didn't say it will reverse quickly, I said it can reverse quickly. There is a difference.
    • alexb_ 3y ago
      Right, but people who are confident enough to put money on the line believe that it won't.
      • ChuckNorris89 3y ago
        Because their alternative is letting their money be eaten by inflation
• MilnerRoute 3y ago
  From the article: "Economic data released in the past week showed a revised estimate for U.S. growth in the first quarter was higher than anticipated; new orders for manufactured durable goods were stronger than expected in May; sales of newly built homes that same month beat economists’ forecasts; consumer confidence jumped in June to a 17-month high based on a Conference Board survey; and that initial jobless claims in the week ending June 24 fell... U.S. inflation measured by the personal-consumption-expenditures price index softened to 3.8% in May on a 12-month basis, the slowest increase since April 2021, based on a government report Friday." Also, the "recession canceled" remark wasn't based on the S&P. It's from the chief global economist at Economic Outlook Group LLC -- a quote from the analysis he sent to investors Thursday. (He followed his "recession canceled" remark by citing the larger economy's "impressive performance the first three months," and drops in "virtually every inflation metric.")