Despite sagging stocks, analysts allay recession fears, suggest investors hold steady

A television screen is seen on the floor of the New York Stock Exchange on Monday, Aug. 5, 2024 headlines trading.

Notably, she cited the importance the behavior of consumers when considering the appearance of a recession. According to The Associated Press , Goldman Sachs economist David Mericle sees a higher chance of a recession within the next 12 months following last week’s jobs report. But he still sees only a 25% probability of that, up from 15%, in part “because the data look fine overall” and he does not “see major financial imbalances.”

“I don’t see any reason for me to be on the phone with one of my clients, saying ‘The sky is falling, sky is falling,'”Alfstad added. “More often than not, panic selling on a red day is generally a great way to lose more money than you save,” said Jacob Channel, senior economist for LendingTree, said to the AP. He reminded investors markets have recovered from worse sell-offs than the current one.

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