Investors and economists are chasing a moving target of strong and weak economic data, making it increasingly confusing what the state of the economy really is.
Credit Suisse said weak manufacturing data accompanied by healthy economic data elsewhere lands the economy in a middle ground.
“While investors debate whether we’re entering a recession, we believe the backdrop is better described as a ‘Semi-Recession,’” said Credit Suisse Chief U.S. Equity Strategist Jonathan Golub in a note to clients Wednesday.
