A wide swath of market-watchers expect the U.S. economy in 2019 to be the worst since the depths of the 2008 financial crisis, potentially putting President Trump in a hole as he heads into his re-election race.
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Flashback: A year ago, we wrote about a rare and enviable trend: synchronized global recovery. Now, we have synchronized global retreat.
Last week was Wall Street’s worst in 10 years. If the Dow and S&P 500 finish at their current levels, they’ll have their worst December since 1931, during the Great Depression.
Bloomberg says the S&P 500 is “one bad session away” from ending the decade-long bull market.
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