✉news BusinessMarkets first seen 6 h ago, last 1 h ago, peak #6
U.S. stock market and China economy both 'K-shaped', says Posen
Original: U.S. has a K-shaped stock market, China a K-shaped economy: PIIE's Adam Posen
Adam Posen of the Peterson Institute for International Economics said the United States has a K-shaped stock market, while China has a K-shaped economy. In a K-shaped market, gains concentrate among a narrow group of large-cap stocks while the broader market lags; in a K-shaped economy, growth is split between strong and weak sectors. His comments point to uneven recoveries on both sides of the Pacific, with market strength in the U.S. and headline growth in China masking underlying divergence.
Why now: Investors are concerned that narrow, uneven gains signal fragility in both U.S. equities and China's economic recovery.
Adam PosenPeterson Institute for International EconomicsUnited StatesChinaCNBC
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