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Stocks surge just ahead of a recession, says Jaime Desmond

Tuesday, June 25, 2019 - 05:05

Equity investors shouldn't take their foot off the pedal just yet, Ladenburg Thalmann Asset Management chief operating officer Jaime Desmond tells Reuters' Fred Katayama. She says the S&P 500 gains 15 percent on average in the 12 months ahead of a recession.

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Equity investors shouldn't take their foot off the pedal just yet, Ladenburg Thalmann Asset Management chief operating officer Jaime Desmond tells Reuters' Fred Katayama. She says the S&P 500 gains 15 percent on average in the 12 months ahead of a recession.

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Stocks surge just ahead of a recession, says Jaime Desmond

Tuesday, June 25, 2019 - 05:05