S&P 500 Slid Last Week, As Earnings Growth Is Recalibrated
The stock market had another difficult week. The benchmark Standard & Poor's 500 index slid back 10% below its most recent all-time high in September, as a recalibration of earnings growth continued.
"The index still points to robust economic growth in early 2019, but the rapid pace of growth may already have peaked," according to The Conference Board, a private business group that maintains the LEI.
A slower rise in the pace of growth is very different from a recession, when the economy shrinks and growth goes negative. That's not what's happening now.
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