— taking back their recession calls earlier this month. It's also visible in the S&P 500's 16.8% rally so far year-to-date., the CIO at Crossmark Global Investments and a former chief US equity strategist at BlackRock, thinks investors aren't being patient enough. He told Insider on Thursday that he's sticking with his call for a downturn in the months ahead.
"No question the word recession has left a lot of people's vocabulary," he continued, adding,"I'm stubborn and I'm still using the word recession in my vocabulary." Instead, investors should be paying attention to indicators like the Treasury yield curve, The Conference Board's Leading Economic Index, and money growth.
"17 months ago is when the Fed started raising rates. And the start of a recession typically comes a bunch of of months after the yield curve inverts. The yield curve didn't invert until less than a year ago. So all of it tells me, not so fast with just abandoning a recession," he said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »
US stock market may crash in 10 seconds in Taiwan war: Foxconn's GouThe founder of Apple's key supplier said the US stock market would collapse in '10 seconds' if war breaks out in Taiwan. He deleted the comment within hours of posting it.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
US stock market may crash in 10 seconds in Taiwan war: Foxconn's GouThe founder of Apple's key supplier said the US stock market would collapse in '10 seconds' if war breaks out in Taiwan. He deleted the comment within hours of posting it.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Stock market crash: Expert warns of 64% drop as bearish signals flashA notorious market bear who called the 2000 and 2008 crashes says stocks face the same 3 negative conditions they did in November 2021— and warns the 25% drop that followed will prove to be a 'small opening act' of what's to come
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »