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15.06 - 14:59
Why the ‘Davos consensus’ is elusive this year
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fnlondon.comUsually the Davos crowd herds together on markets and the economy at the World Economic Forum in Switzerland. The “Davos consensus” can be a useful contrarian indicator since it is often entirely wrong. But there isn’t a consensus this year, which helps explain the jumbled state of markets.
The S&P 500 is almost in a bear market. Yet there’s no agreement on whether recession is on the way. The problem as many executives describe it: Current business is great, but the difficulties ahead are obvious.
“Here...
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