Wall Street's Recession Reversal Echoes 2007's Optimism, Warns Expert

Wall Street’s economic forecasters, who were once bracing for a recession, have largely reversed their predictions—a shift that raises eyebrows among some market veterans. This newfound optimism is eerily similar to the mood in 2007, just before the financial crisis, according to Albert Edwards of Société Générale. Despite recent stock market highs and strong data on nonfarm payrolls and GDP, Edwards cautions against letting these bright spots overshadow weaker economic signals.