But both sides are becoming more extreme, and the divide between so-called “bulls” and “bears” — optimistic investors who forecast rising stock prices and pessimistic investors who expect declining stock prices — is growing wider. In a recent report, Liz Young, head of investment strategy at SoFi, said the chasm almost resembled a political landscape, “where each side looked at the other with anger and resentment, unable to find common ground.
The economy has early, mid and late cycles and then you usually have a recession. That resets it and you start over again. And I don’t think we’ve seen that yet. Analysts have said a recession is coming for the past two years, but the economy is still resilient. In an earnings call on Friday, JPMorgan Chase CEO Jamie Dimon even said he’s fuzzy on the economic outlook. What’s your take? It’s coming at some point.
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Source: CNBC - 🏆 12. / 72 Read more »