Recession canceled? U.S. inventory market ‘fairly frothy’ after S&P 500’s strongest first half since 2019
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The S&P 500 index simply wrapped up its strongest first half of a yr since 2019, as a U.S. recession feared close to by many buyers appears perpetually additional away than anticipated, leaving the inventory market rally’s momentum for the remainder of 2023 in query.
It’s “tough to gauge” when the “liquidity unleashed” by the U.S. authorities throughout the pandemic will run out, stated José Torres, senior economist at Interactive Brokers, in a telephone interview, referring to fiscal and financial stimulus in 2020-2021. Whereas the Federal Reserve…