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S&P 500 has hit an ATH not long ago with high rates. The economy seems to be working quite well. There is not even a crash in residential real estate. The comme
by rapsey 3y ago
S&P 500 has hit an ATH not long ago with high rates. The economy seems to be working quite well. There is not even a crash in residential real estate. The commercial real estate is going bust, but there are funds just waiting for current owners to go out of business and buy up the buildings for pennies on the dollar.
- Timber-6539 3y agoThe S&P 500 rally is just 7 stocks and is not a true representative of the real economy anyways. I think you have my argument confused. I'm not saying the U.S is supposed to be in a recession or headed into one.
- giantg2 3y ago"S&P 500 has hit an ATH not long ago with high rates. The economy seems to be working quite well." The market is not the same as the economy. We are in fact seeing rising consumer debt defaults across various types. Jobs data is not as good as it seems since there are higher percentage of part-time and low wage jobs in the numbers. Consumer spending is stagnating or down in many sectors. Hiring in consumer discretionary industries like restaurants has stagnated too. I'm not sure the economy looking that good, despite the optimism (inflation even?) in the market.