Reported about 17 hours ago
The Leuthold Group indicates that the stock market reflects a strong belief in continued U.S. economic growth, with investors showing no concerns about potential recessions. Historical trends typically show defensive stocks outperforming during downturns, yet currently, cyclical sectors are trading at record highs relative to defensives, indicating market optimism. Despite a recent drop in recession probabilities, analysts still caution about the lingering risks, as current valuations diverge from typical pre-recession patterns.
Source: YAHOO