The good news is the same as the bad news: This market looks just like 1998

A yield curve inversion? International weakness triggering a manufacturing slowdown? A potentially overconfident consumer and a Fed caught up in a brief interest-rate cutting cycle, regardless of steady GDP growth? And, of course, an impeachment inquiry.Well, in 1998, it sure was, according to BTIG strategist Julian Emanuel, who pointed out that the similarities between then and now are “too striking” to ignore.

The downside: We all remember — or should — what happened in the aftermath of that “point of maximum public bullishness.” Congressional antitrust investigators, the Wall Street Journal reported, are scrutinizing plans by Alphabet’s GOOG, -0.37% Google to use a new internet protocol, concerned that it could give the company a competitive advantage by making it harder for others to access consumer data. Google responded that it has “no plans to centralize or change people’s DNS providers to Google by default.”

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 injured as helicopter crashes into cars at fairgroundsA sightseeing helicopter smashed into several parked cars outside a fairgrounds in Pennsylvania on Saturday night, injuring three people on board the aircraft. Obama? Again...Yessh When you cross a road please look to your: 1. left & right (for other vehicles) 2. below (for banana peel) 3. above (for helicopters)
Source: ABC - 🏆 471. / 51 Read more »

New York City police officer shot, killed in struggle with armed suspectA veteran police officer was shot and killed in the Bronx just after midnight Sunday during a physical struggle with an armed suspect. Condolences 😢😢 The Russians must be using abc for their fake poles again.
Source: ABC - 🏆 471. / 51 Read more »

Thieves steal 50,000 apples from an Indiana orchardA few bad apples stole 50,000 good ones from an orchard in LaPorte County, Indiana. A few? It was just the G.O.A.T. Of apple thieves! We thoroughly enjoyed this pun 👏🏽🍎
Source: CNN - 🏆 4. / 95 Read more »

Your Outlook on Life May Help Determine How Long You’ll LiveBad news for all you pessimists out there: Your negative outlook might actually shorten your lifespan.
Source: runnersworld - 🏆 19. / 71 Read more »