A Wall Street titan who called the 2008 recession shares 7 top trades to make before the US economy enters into another downturn with stocks 'priced for perfection'
He said stocks were priced for a perfect soft-landing scenario even if a recession was avoided.Renowned economistAll the classic indicators say so, even if bulls discount them like they've done. Look at the Treasury yield curve and The Conference Board's Leading Economic Index, says Rosenberg, who called the 2008 recession.
"When you started getting the CNN Fear and Greed Index north of 80, and you start seeing sentiment indices showing that there are three times more bulls than bears, and you look at a forward P/E ratio pressing against 20, and a CAPE valuation which recently went above 30, you know that the stock market is priced for perfection," Rosenberg, the founder of Rosenberg Research, told Insider last week.
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