"Soft" and "hard" data at widest divergence in history … Bearish For EquitiesMark Melin
With the stock market selling off near 30 points on the S&P 500 by the close Tuesday – the Russel 2000, a “Trump rally” staple, was down 2 ¾% on the day and now negative on the year – a European Equity Strategy report from Morgan Stanley makes four key weekly observations. Chief among them is a widening gap between hard data and “ soft data ” US economic data, one that points to trouble for the stock market. This . . .
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