Media and social media is full of talk about impending market correction and economic recession.
If it is true, how come AAPL keeps making new ATHs?
With P/E’s for the S&P where they’ve been for the past several years there’s going to be a serious market correction with or without a recession. The only question is how soon.
The crash of '87 took the market down 40% in a week. GDP growth for the year was 3.3%. At a P/E of 22 the market was just overvalued. No recession in 88 either. GDP growth of 3.8%.
Market rotating back to AI stocks (double digit gain) from “recession proof” stocks.
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