Daily Archives: Mar 22, 2019 at 08:21 am EDT

How Does The Stock Market’s Recovery Compare With History?

The sharp rebound in the US stock market this year has cast doubts on various calls by models and pundits that a bear market started in the late-2018 plunge. But the rally hasn’t deterred bond manager Jeffrey Gundlach: the DoubleLine Capital CEO doubled down and told CNBC yesterday that the S&P 500 is still in a bear market despite closing on Thursday (Mar. 21) at the highest level since Oct. 9.
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Macro Briefing: 22 March 2019

Trump: US should recognize ‘Israel’s Sovereignty over the Golan Heights’: CNN
US officials downplay odds for a quick trade deal with China: Bloomberg
EU offers UK an extra 2 weeks to avoid a hard Brexit: Bloomberg
Eurozone mfg downturn deepens in March via PMI survey data: IHS Markit
Indonesian airline cancels order for 49 Boeing 737 Max jets: CNBC
US Leading Economic Index turned up in Feb–first rise in 5 months: CB
US jobless claims fell more than expected and reflect strong labor market: CNBC
Philly Fed Mfg Index revived in March, reversing most of Feb’s plunge: MW