The Bottom of the Bear Market is Still 10% Away
The bottom of the bear market is still 10% away, Morgan Stanley Wealth Management says. And the odds of a recession have doubled, too.
The bottom of the bear market is still 10% away, Morgan Stanley Wealth Management says. And the odds of a recession have doubled, too.
Consumer sentiment hit a record low in June as Americans continued to face elevated prices for gas, food, and other goods and services.
While economists debate the likelihood of a recession in the next year, the U.S. is stuck at an uncomfortable way station – stagflation.
U.S. economy is showing more signs of deterioration. Pace of U.S. economic growth has slowed. Indicators are setting scene for economic contraction.
The Federal Reserve’s ability to achieve a soft landing in its fight against inflation is looking increasingly less likely.
Barring a hurricane this summer that pounds key oil producing assets, gas is unlikely to rise to $7 a gallon as economic growth slows.
US and European stock markets have been roiled since April, with stubbornly high inflation and hawkish central banks raising the specter of recession.