Investors should brace for stock-market pain over the rest of the year with a long-forecast recession likely to finally hit the US economy in the fourth quarter of 2023, according to HSBC.this week that it expects the Federal Reserve's interest-rate hikes to drag growth into negative territory over the next six months, which would likely hammer stocks by chipping away at listed companies' earnings.
But that rally only just means equities have further to fall when bad news about the economy starts to dominate headlines, according to Baraton's team. "We are not massive bears, but think news about the economy could be tough to digest for a market which is pricing a 'soft landing'," the strategists added, referring to a scenario where the Fed manages to bring inflation down to its 2% target level without crushing growth.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wells Fargo: Prepare for recession by investing in high-quality stocksPlay defense and load up on quality stocks because a recession is coming, Wells Fargo strategist says
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
US economy in for more serious recession than Powell said: market vetThe US is headed for a more serious recession than Powell has predicted, Evercore founder says
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »