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Monday's market meltdown coincided with a major shift in how Wall Street is thinking about the health of the US economy and the current bull market run.
"You're seeing a complete upending in virtually every single consensus trade that was common at the beginning of the year, everything in stocks, in bonds, in currencies," Queens' College, Cambridge, president and former PIMCO CEO Mohamed El-Erian told Yahoo Finance on Monday.
"We've had a complete upending of the conventional wisdom."
After t...
>>> Read more: Wall Street's 2025 stock market forecasts are falling apart for one simple reason
"You're seeing a complete upending in virtually every single consensus trade that was common at the beginning of the year, everything in stocks, in bonds, in currencies," Queens' College, Cambridge, president and former PIMCO CEO Mohamed El-Erian told Yahoo Finance on Monday.
"We've had a complete upending of the conventional wisdom."
After t...
>>> Read more: Wall Street's 2025 stock market forecasts are falling apart for one simple reason
