Will the $1 Trillion Budget Deficit Hurt US Equities?
November 04, 2019 at 08:00 AM EST
Third-quarter earnings are humming while the economy seems to be drumming along despite some market analysts signaling that a recession could be a year or two away. Inverted yield curves from the bond market, a reliable recession indicator, could be a sign and the ballooning budget deficit could be another, which could hurt U.S. equities in the long run.