Joseph Lavorgna: Percentage Point and Gains Losses

joseph lavorgna: Major indexes sit a percentage point or two away from all-time highs as stocks flip between small gains and losses on Monday, but over the past 12 months the market has advanced only modestly feeding the notion among some investors that equities may be in the process of putting in a top for the cycle, said Joseph LaVorgna, chief economist for the Americas at Natixis, in a note, according to Market Watch. But there's a rub, he said. But that would be out of keeping with recent history, says one economist. Some investors have speculated that the market might be topping out ahead of a possible U.S. slowdown over the next year, LaVorgna wrote. See table below. However, this would be very unusual, as equities have always had a double-digit rally before the economy experiences a downturn. (news.financializer.com). As reported in the news.