What an interesting moment to be alive! I was watching the news and find it really amazing to see how the White House officials were so eager to clearly "define" the term, recession. This actually made me wondered if they already knew something ahead of the official GDP announcement. My gut feeling was that we should be heading for a negative GDP and it turned out to be the case when the official estimated Q2 GDP growth rate was at -0.9% on 28-Jul.
One would normally expect the stock market to crash upon such announcement but you know what? The stock market went up instead. Why was this the case? To cut the answer short, I think it is the sign of market bottoming (at least for the short term) as stocks usually stop going down on bad news when near the bottom. But will we be able
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