Stock market outlook: Recession to send stocks back to October lows

Stocks could fall back to their October lows by midyear as a looming recession is coming for the US economy, according to Evercore's senior managing director Julian Emanuel., Emanuel warned a recession is imminent this year, and the downturn could cause the S&P 500 to slide 10% back to the 3600 level over the next three to six months.

That's because since 1962, stocks have never bottomed before the start of a recession, he warned., given the rollover in leading economic indicators, given the 800-pound gorilla in the room – the yield curve – tell us we're going to have a recession at some point. And so therefore, we see a retest of the October lows at midyear," he said.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Asian Stock Market: Cautions soars amid Fed rate hike fears, PBoC promises expansionary policyMarkets in the Asian domain are demonstrating precaution as enlarging consumer spending in the United States has propelled the risk of more rates by t
แหล่ง: FXStreetNews - 🏆 14. / 72 อ่านเพิ่มเติม »