How Long Can the U.S. Bull Market Last?

3 min read

The U.S. economy is currently in the tenth year of its expansion and investors and policymakers alike are wondering what will trigger the next recession. Despite the U.S. stock market is overvalued with a highly leveraged corporate sector and the waning impact of a fiscal stimulus, the real economy (unemployment, wages, and consumer demand) has remained upbeat and there’s little evidence that the impact of the trade war is affecting consumer sentiment significantly and affecting companies’ hiring decision. U.S. stock markets realign with fundamentals The pro-cyclical fiscal stimulus pushed growth, employment and U.S. stock markets higher in 2018. The economy…...

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Henri Kouam Tamto Henri Kouam Tamto is a macroeconomist focusing on Oil, FX and Credit markets in Advanced and emerging market economies. Working both independently and as part of a team, Henri forecasts and writes both thematic as well as research notes on economic data releases, Central bank policy, and global commodity prices. He also has a strong interest in trade policy and the implications of globalization for countries and asset classes.