Stocks Keep Tanking As Growing Number Of Wall Street Experts Warn About Rising Recession Risks

Markets moved lower again on Monday, struggling to rebound from a brutal selloff in recent months that has caused tech stocks to nose-dive and pushed the S&P 500 to the edge of bear market territory.

Goldman Sachs became the latest major firm to slash its market outlook on Monday, citing higher interest rates and “slower economic growth than we previously assumed,” though stocks could still bounce back later in the year. Goldman chief economist David Kostin lowered his year-end price target for the S&P 500 to 4,300 from 4,700—implying roughly 7% upside from the index’s current level of around 4,000 but a 9% decline from 2021, while adding that if a recession occurs, the index could fall another 10% to 3,600.

While some forecasts insist a recession isn’t in the cards, a growing number of economists have warned about a looming downturn: “Risks are uncomfortably high and rising,” says Moody’s Analytics chief economist Mark Zandi in a recent note. As the economy struggles to deal with “painfully high inflation,” which has “forced the Federal Reserve to go on high alert,” Zandi puts the odds of a recession at 33% in the next 12 months and nearly 50% within the next 24 months.CBS on Sunday that the possibility of a recession is a “very, very high risk factor” and there is only a “narrow path” to safety, predicting that some inflationary pressures will remain “sticky.

Thank you JoeBiden and TheDemocrats

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia Pacific Stocks Rise After Volatile Week as Investors Look to China's Economic DataChina will report data on April’s industrial production, retail sales, fixed asset investment and unemployment on Monday.
Source: nbcchicago - 🏆 545. / 51 Read more »

How to find the best stocks in a bad market using this proven dividend yield strategyThe average model portfolio of the respected stock newsletter founded by late Geraldine Weiss beat the S&P 500’s total return while incurring 26% less risk for 16 years. Her strategy just needs a calculator to be implemented. This sounds a lot like themotleyfool We See you citsecurities !
Source: MarketWatch - 🏆 3. / 97 Read more »

How to buy stocks on the brink of a bear marketWith the S&P 500 near a bear market, investors need to accept that buying on the dip, even blue-chip stocks, isn't so simple, and volatility will continue. Still trying to unload some shares huh? Brink?
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer Says to Consider These Five High-Yielding Stocks to Upgrade Your Portfolio“We need to high-grade our accidental high-yielder portfolio,” the “Mad Money” host said Monday.
Source: NBCDFW - 🏆 288. / 63 Read more »

Stocks end mixed as Nasdaq sinks 1.2%, oil tops $114U.S. investors are in for another choppy week as Wall Street strategists turn more cautious on equities. FAUX NEWS! Radicalizing Mass Shooters Across America Sponsored by: FoxNews balanceofnature LibertyMutual NewDayUSA relieffactor USAA indeed Nutrisystem Progressive safelite Applebees ADT The Buffalo shooter isn’t a “lone wolf.” He’s a mainstream Republican.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Watch Jim Cramer break down which high-yielding stocks are investable and whyThe 'Mad Money' host on Monday's episode of the show explained why investors should be looking at high-yielding stocks — while still being selective — to navigate the current market.
Source: CNBC - 🏆 12. / 72 Read more »