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Podcast: Money Life with Chuck Jaffe
Episode: NDR's Clissold: Market low is not in, but could come without recession
Description: Ed Clissold, chief US strategist at Ned Davis Research, says that the stock market has never bottomed before the start of a recession, so if the current downturn doesn't rise to that level yet but you think it will, then the bottom has not been reached. The market, historically, peaks about six months before a recession, and it appears to be climbing to that peak and perhaps holding it longer than normal. It mean, he said, that there is likely a rally that ends in trouble later this year. Meanwhile, Matt Harris, chief investment officer at The Hausberg Group, sa...