AI hype is masking recession signals in the market
Stocks keep hitting record highs in large part due to excitement over artificial intelligence. That growth is clouding recessionary signals in more cyclical corners of the market. Why it matters: Don't confuse record highs for signs of economic growth. What they're saying: "The evidence is plentiful that the economy is slowing," Alessio de Longis, senior portfolio manager and head of asset allocation at Invesco, tells Axios.People are staying unemployed for longer.The chilling effect of policy ...
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