Slowdown or recession? Lack of clarity is what’s got the market on edge
The S & P 500 is now within roughly a half-percent of a 10% decline from its recent high. That would be a garden-variety correction, and it would be based on: 1) very rich valuations (the S & P 500 was trading at a multiple of 22 times 2025 estimates, historically high), and 2) a modest … Read more