Strong Stock Market Today Means Lower Recessionary Fears

<p>S&amp;P 500 or SPX and the Nasdaq-100 indices are both trading around 52-week highs. Is the stock market today saying that the recession will not be as severe as people think? Michael Bapis states that long and variable lags in the Federal Reserve's most aggressive rate hike cycle in four decades have yet to fully ripple through the United States economy. </p>