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Stocks peak before a recession, says portfolio manager


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Stocks peak before a recession, says portfolio manager

STORY: “If you are using what GDP is doing in any given quarter to dictate what you do in a portfolio, I would say you’re going to be very late in either case because the market peaks before recessions begin and it bottoms before recessions end,” said Lundgren.

“There’s very little correlation between what the stock market does and what GDP does,” he added.



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