Stock Market Looks Recession-Proof, So What’s Holding Back the Dow?

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The Dow Jones Industrial Average held relatively steady on Wednesday. According to Goldman Sachs, the US stock market recovery is unlikely to run into a recession anytime soon. If that’s the case, what’s holding back the Dow? Strategists Spar over Recession Risk and Dow Danger On Wednesday, the International Monetary Fund (IMF) slashed its outlook of the global economic growth rate from 3.5 to 3.3 percent, citing various factors including a decline in business confidence and the uncertainty in the U.S.-China trade talks. Guggenheim Partners added to the bearish outlook by dropping the shocking claim that the chance of a…
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Stock Market Looks Recession-Proof, So What’s Holding Back the Dow?

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