Advertisement
New Zealand markets close in 3 hours 36 minutes
  • NZX 50

    12,386.13
    -18.04 (-0.15%)
     
  • NZD/USD

    0.6263
    -0.0008 (-0.13%)
     
  • NZD/EUR

    0.5636
    -0.0002 (-0.03%)
     
  • ALL ORDS

    8,388.90
    +4.70 (+0.06%)
     
  • ASX 200

    8,155.20
    +2.30 (+0.03%)
     
  • OIL

    70.90
    +0.53 (+0.75%)
     
  • GOLD

    2,653.50
    +1.00 (+0.04%)
     
  • NASDAQ

    19,852.20
    +60.71 (+0.31%)
     
  • FTSE

    8,259.71
    +29.72 (+0.36%)
     
  • Dow Jones

    42,124.65
    +61.29 (+0.15%)
     
  • DAX

    18,846.79
    +126.78 (+0.68%)
     
  • Hang Seng

    18,247.11
    0.00 (0.00%)
     
  • NIKKEI 225

    38,237.97
    +514.06 (+1.36%)
     
  • NZD/JPY

    90.0690
    +0.1050 (+0.12%)
     

Stocks peak before a recession, says portfolio manager

STORY: "If you are using what GDP is doing in any given quarter to dictate what you do in a portfolio, I would say you're going to be very late in either case because the market peaks before recessions begin and it bottoms before recessions end," said Lundgren.

"There's very little correlation between what the stock market does and what GDP does," he added.