Stock Pickers on Wall Street Are Going All-In on Recession Bets
Wall Street economists and central bankers debate if and when US economy will slip into a recession, big money managers aren’t waiting to find out.
Wall Street economists and central bankers debate if and when US economy will slip into a recession, big money managers aren’t waiting to find out.
For all the angst over US banking stress and a profit recession, none made it to the surface of the stock market in April.
Financial markets are caught up in a tug of war between lingering inflation and concern about a recession.
U.S. economy has been surprisingly resilient in the face of aggressive interest rate hikes and stubborn inflation over the past year.
Wall Street veteran Bob Michele anticipates a flattening of the yield curve to 3% for securities maturing in two through 30 years.
White-collar workers feel the heat. Recent increase in unemployment insurance (UI) claims in the US has been more broad-based.
Larry Summers sees the Fed's situation as quite challenging and believes that it will be difficult to determine the best course of action farther out.