, according to DataTrek co-founder Nicholas Colas, who told Insider he didn't see the US making it through the next 12 months without tipping into a downturn.
But Newton expects Fed officials to dial back interest rates in order to avoid putting pressure on the banking system. Lower rates are a"big positive" for stocks, while rising interest rates weighed down theThat momentum can already be seen in tech and growth stocks, with the tech-heavy Nasdaq Composite surging 13% from the start of the year as investors anticipate lower interest rates ahead.
"If you see a broad-based rally in technology, yes, that does have the potential to carry markets higher or keep them resilient in the face of bad news, particularly when everyone is pessimistic," Newton added. Central bankers are expected to deliver their next decision on Wednesday. Markets have priced in an 82% chance the Fed lifts rates by 25 basis points, and an 18% chance the Fed pauses its tightening cycle, according to the
U mean the recession we’re already in?
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