Risk of a recession is being overlooked by investors: Investment expert - BNN Bloomberg

Speaking to BNN Bloomberg’s Paul Bagnell on Monday, Colin Stewart, chief executive officer and portfolio manager at JC Clark Limited, said the visible slowdown in demand for goods and services, alongside direct caution from the U.S. Federal Reserve, is signalling a clear recession ahead that equity investors appear to be ignoring.

While he isn’t calling for a repeat of the 2008-2009 financial crisis, he does believe the markets are bound to suffer from an economic blow that is not being priced in.A leading indicator he is watching is the decline in cargo transportation. Stewart warned that this shows consumers are not buying as many products as before.

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