The US is now in recession

[earth_imperator]

"
Recession? Corporate America’s Earnings Say It’s Already Arrived

(Bloomberg) -- As the US economy teeters on the brink of recession, Wall Street is already enduring what could turn out to be the most prolonged corporate profits downturn in seven years.
[...]
"

 

[Innervoice]

Wall street/ stocks says otherwise.
Then again, how much longer can stocks defy gravity because their earnings were “ better than feared”??

 

[earth_imperator]

Wall street/ stocks says otherwise.
Then again, how much longer can stocks defy gravity because their earnings were “ better than feared”??

Your statement contradict the title of the news. Both are talking of stocks, ie. companies, corporations. But both you and them cannot be true as your both statements contradict each other.
For me, the Bloomberg news is more credible than your own opinion w/o any hard facts.

 

[smallfil]

We are just at the start of a recession the way I see it. Companies are not done laying off people. I do agree there is a disconnect between reality and what hacks on CNBC, Bloomberg tell you. What they tell you is everything is hunky dory. Those are the talking points scripted to lull the public. Like a crab on his back in a pot of water, he does not notice until the water gets hotter and hotter then, he panics and tries to save himself but, it is too late. He is lunch or dinner on someone's plate.

 

[Businessman]

Wall street/ stocks says otherwise.

S&P 500 all time high adjusted for the inflation over the last 17 months, is probably something like 5300.

So the S&P is currently still down over 20% on an inflation adjusted basis.

Bear Market.

 

[mervyn]

S&P 500 all time high adjusted for the inflation over the last 17 months, is probably something like 5300.

So the S&P is currently still down over 20% on an inflation adjusted basis.

Bear Market.

Negative, 19 mega cap stocks pushed up nearly 80% of SPX movements, rest of them are flat or lower.

Earning recession is 2 quarters already, however negative 2 GDP quarters may not be happening unless there is a labor market crash.

 

[notagain]

The Fed is making sure there is never a wage price spiral ever again.
Raising interest rates into a recession is pure brilliance.
Disposable income is the enemy of democracy, Dems say.

 

[mervyn]

The Fed is making sure there is never a wage price spiral ever again.
Raising interest rates into a recession is pure brilliance.
Disposable income is the enemy of democracy, Dems say.

No Fed doesn’t have that much power. It is the market. UK last quarter GDP is -0.3%, not sure they will have 2 consecutive quarters. Commodities, particularly foods are going up.

 

[Businessman]

UK last quarter GDP is -0.3%.

No, i think UK GDP was up overall 0.1% in the first quarter, but down -0.3% in the month of March, so in Jan and Feb it must of been up 0.4%

https://www.morningstar.co.uk/uk/news/235101/uk-economy-expanded-in-q1-despite-march-slide.aspx

 

[Clubber Lang]

Negative, 19 mega cap stocks pushed up nearly 80% of SPX movements, rest of them are flat or lower.

Earning recession is 2 quarters already, however negative 2 GDP quarters may not be happening unless there is a labor market crash.

15 stocks account for 97% of the price gain in S&P as of last week