The recent stunning drop in lending activity caught the markets by
surprise, resulting in a drop of more than 25% for the S&P 500
during the first two months of this quarter. Ordinarily the U.S. stock market has risen more than 5.0% during the weak economic periods, suggesting that investors had already figured out the recession was coming.
Please click here for additional insights from Evergreen Investments' Chief Market Analyst, John Lynch.