Societe Generale Economist Warns of Troubling Signs for Economy Despite Strong Data

Societe Generale's Albert Edwards warns the economy is weak despite strong macro data like low unemployment and GDP growth.

Edwards points to rising bankruptcies, especially among small firms, as a sign of economic trouble ahead.

Small business credit conditions are at recession-like levels, suggesting lower profits and job losses.

The S&P 500's gains are masking weakness, propped up by mega-cap tech stocks while equal-weighted indices fall.

If small firms continue to fail, it could mean labor market trouble and a recessionary bear market with over 30% downside.