The stock market is wrong: the economy isn’t going to ‘blow a gasket’ just yet, warns economist
October 05, 2022 at 16:36 PM EDT
The S&P 500 remains about 17% above year-end 2019 levels, which isn't low enough given the steps the Federal Reserve likely still needs to take to get inflation to 2%, says Steven Blitz, chief U.S. economist at TS Lombard.
