Bad economic news seems to be good for stocks, since the more bad news we see, the more likely the Fed is to cut key rates.
Three 1kg gold bullion bars lay on the counter in a gold dealers in Birmingham’s jewelery quarter in Birmingham, England, on Dec. 13, 2023. Christopher Furlong/Getty Images
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Commentary
Last Friday, several events helped push stocks (and gold) to all-time highs, but mostly because bad news is good for stocks (and gold), since bad economic news tends to make a key interest rate cut more likely.
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
