Posted by John Posey
Often once the large US equity market indexes dip below 20% from historical highs, you start to hear the economy is in recession territory. You’ve probably noticed it’s not too difficult to find pessimistic narratives in the media. Brian Westbury of First Trust always seems to have some interesting perspectives, particularly in uncertain times. Read on to learn why he believes we are not in a recession - at least not yet.
Consensus forecasts come from Bloomberg. This report was prepared by First Trust Advisors L. P., and reflects the current opinion of the authors. It is based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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