US and Canadian stock markets near all-time highs signal no recession
Updated
Updated · The Globe and Mail · Apr 30
US and Canadian stock markets near all-time highs signal no recession
2 articles · Updated · The Globe and Mail · Apr 30
George Athanassakos said the S&P 500 was up about 4% year-to-date to April 23 and 3.5% since October-end, while the S&P/TSX rose about 6% and 11%.
He argued positive November-to-April returns have historically coincided with non-recession years, even as oil-price pressures, higher rates and strains in private credit raise concerns.
Athanassakos sees risks of a later AI-driven private-credit crisis, but says current market strength suggests neither the US nor Canada is heading into recession in 2026.
The $1.8 trillion private credit market is booming. Is it an engine for growth or the next 2008-style crisis?
With markets at highs but recession signals flashing red, is Wall Street ignoring a looming economic cliff?
Oil shocks historically precede recessions. Can the economy defy history amid the current Middle East war?