"Economy LAGS the stock market"
by Editorial Staff
Updated: September 04, 2020
"Why are stocks up when the economy is down?" That's the question mainstream analysts have wrestled with for months. Now hear some unconventional answers in this new interview our monthly Financial Forecast co-editor, Steve Hochberg, recently gave to Moe Ansari on Market Wrap (recorded Friday, August 28).
"2020 is not a normal year."
You've heard people say that, "This year has changed everything."
True, 2020 has changed a lot of things. But some things have stood the test of time.
Elliott wave analysis has its roots in the Great Depression era. Through decades of huge bull markets and devastating crashes, Elliott wave patterns have continued to guide investors.
We are doing that today, as well. Discover how inside our comprehensive Financial Forecast Service.
On September 16, Tesla had finished up a significant selloff. The stock was moving up. The question was, "Where is it going from here? Up even more? Or is it about to sell off again?" Watch our Trader's Classroom editor show you the likely answer -- from watching gaps in real time.
After a 4-year low in March, Zillow soared to all-time highs on September 25. See why so many mainstreams analysts missed the, versus what we said to Trader's Classroom subscribers.
Back in March, in the thick of the sell-off, the Fed pledged to buy corporate bonds, as a "last-resort" measure. Investment-grade debt rallied. But Elliott waves were one step ahead. Watch our Interest Rates Pro Service editor explain using LQD, a corporate bond ETF.