Business & Finance
Economic Momentum Flips From Blessing to Curse for S&P 500 Bulls
Key Points
Economic Momentum Flips From Blessing to Curse for S&P 500 Bulls Strong economic momentum is a double-edged sword for US equity traders. Solid growth is an earnings tailwind. But let it run too hot, and it turns from blessing to curse.
Economic Momentum Flips From Blessing to Curse for S&P 500 Bulls
Strong economic momentum is a double-edged sword for US equity traders. Solid growth is an earnings tailwind. But let it run too hot, and it turns from blessing to curse.
That’s been the case lately, when better than expected data on the labor market, retail sales and regional manufacturing failed to convince investors to pump money into stocks.