Investors were pleased Wednesday when Federal Reserve Chair Janet Yellen said weakening stock prices pose a risk to the economy, convinced she won’t rush into more rate hikes. But how should everyone else feel with stocks down 10 percent in a year?
While far from definitive, evidence exists that equity prices hold clues to the economy, either portending or influencing future growth. A study by the research firm CXO Advisory Group LLC in July 2014 found that changes in gross domestic product only “very slightly” forecast the Standard & Poor’s 5...
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