Stocks can go back to record if the Fed can fix the bond market, strategist Jim Paulsen says
addresses the current upside down yields in the bond market, the Leuthold Group's chief investment strategist told CNBC Wednesday.
That inverted yield curve, when shorter-term bonds deliver higher rates than longer-term bonds, has historically signaled a recession on the horizon. Talk of the Fed keeping interest rates on hold for a while has shifted to calls for rate cuts to support any slide in economic growth. Hopes for a rate reduction were supporting stocks again, after Wall Street saw its second-best day of the year on Tuesday. As of Tuesday's close, thePaulsen said the U.S. couldn't have picked a better time to increase tariffs because price pressures are so low that the Fed would actually welcome any increases in inflation. U.S.
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