The Global Economy Just Turned Right Side Up; What That Means For Fed Policy And The S&P 500

In the blink of an eye, the global economy’s most pressing problems have surprisingly gone away. X In October, as the S&P 500 was plumbing bear-market lows, rapid-fire Fed rate hikes and a soaring dollar stoked fears the sickly global economy would crash. Then the unexpected happened — again and again. Now the all-but-certain 2023 global recession has been called off, and the rest of the world should help cushion the landing for the U.S. economy. So what does this revamped outlook for the global economy mean for investors? A soft U.S. landing should limit the downside for corporate earnings…