There are five major bearish arguments for an imminent recession and a falling stock market.
Here's why each of the bearish arguments have yet to put a dent in the stock market rally.
According to Wednesday note from market veteran Ed Yardeni, all of the bearish arguments supporting a stock market sell-off and eventual recession have fallen flat, and that means there could be more gains ahead.
These are the five bearish arguments for the stock market, and why they haven't yet derailed the current rally, according to Yardeni.
"This conclusion is confirmed by Fed data on the ownership of deposits plus money market funds by generation cohorts."
Persons:
Ed Yardeni, Yardeni, LEI, That's
Organizations:
Service, Nasdaq, ATA, Fed
Locations:
Wall, Silicon, Yardeni