The Yield Curve, Energy Stocks, and 100-Year Bonds
Aug. 21: Cresset does not see recession in our immediate future. Investors should bear in mind that a recession will come, at some point, as part of the natural longer-term economic cycle. The value of U.S. stocks relative to gross domestic product is at levels not seen since 1999 and suggests that the market has become untethered from the economy.
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