Wall Street says a recession is coming. One investment pro names her favorite stocks to tough it out

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The U.S. economy is on the cusp of a recession, according to several Wall Street pros. Veteran investor Nancy Tengler names four stocks to own as growth slows.

Warning signs are flashing that the global economy is headed for a recession. On Tuesday, Goldman Sachs CEO David Solomon said he expects the economy to fall into a recession in the coming months, while JPMorgan Chase CEO Jamie Dimon warned that stubbornly high inflation could trigger a recession next year as consumer spending dries up. Other market veterans, such as Nancy Tengler, are taking a similar view. "The economy will slow into 2023.

She noted that Goldman recently formed a new division — Platform Solutions — to consolidate its fintech initiatives into a single cloud-based platform. Platform Solutions will house Goldman's nascent digital corporate cash management business. The division recently acquired fintech GreenSky , and card partnerships with Apple and General Motors , according to the Wall Street Journal , which first reported the reorganization.

 

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When can we see another one of those luxurious deals FTX every one of em went with a BUST ! 😆👏

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