As I discussed at the weekend, analysts are deeply divided on the future trajectory of markets, some pointing to the risks of recession ahead, and weaker earnings, others highlighting low unemployment, and positive market momentum. This polarisation is more extreme than I have seen in recent years – with both scenarios emanating from major investment banks. So today, I wanted to explore this division further, to consider again whether the US stock market is poised to extend its longest winning streak of the year — or slip back after another false dawn, with knock on effects across other markets including Australia.
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