What recession? The S&P 500 is at an all-time high

By Eshe Nelson

This is supposed to be a bad time for the global economy. The IMF forecasts a sychronized slowdown, with 70% of the world economy expected to record weaker GDP growth this year. Just a few weeks ago, bond markets were sending ominous signals that usually signal a recession is near.

Nobody told the stock market. Yesterday, the S&P 500 closed at an all-time high.

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