Markets overly optimistic?
The recent S&P rally was based on the recession ending by June. Oct and March Crude futures showing excess supply but also future demand expectations fading fast. Several economic surveys indicate positive Q3 GDP expectations, which might prove overly optimistic. This pattern is similar during the Q4 2008 bear rally when Q1 2009 GDP expectations were too high, later revised lower.
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Director of Market Research
Michael Schaus is the Director of Market Research for Brenton Point Wealth Advisors and Zweig-DiMenna. Since joining Zweig-DiMenna in 1992, his focus has been on macroeconomic research, the analysis of…READ MORE
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