The equity market is actually a better leading indicator of Fed policy shifts this cycle; the stock market has correctly predicted 5 of the last 5 Fed pivots, whereas bond market has been abysmal; equity prices communicate economic information to most Americans better than bond yields do.

normativepending

Speaker

Neil Dutta

Evidence Quote

the stock market gets ding for you know predicting nine of the last five recessions I mean the famous Samuelson quote but it's probably predicted five of predicted five of the last five fed pivots

Source

Why The 2023 Recession Never Happened | Neil DuttaForward Guidance
Created: 8/12/2026, 6:02:32 PM

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