Thanks to the recent strong economic data, economists are once again revising their recession outlooks. Per WSJ’s Economic Forecasting Survey, the odds of a recession in the next 12 months fell for the first time this year — from 61% to 54%, with ~60% of surveyed economists optimistic due to slowing inflation. Which also means…
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Two factors that will help the world dodge a global recession
Global economy, are you here to deliver us some good news? Two major factors may help the world avoid a global recession: 1/ The European Union (EU) remains stronger than expected. 2022 EU: Dealing with the Russia-Ukraine war, energy shortage crisis and what seemed to be an imminent recession. But… A milder winter and efforts…
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Recession vibes at the Port of Los Angeles; Quietest period since 2009
The economy is in trouble. But you didn’t need us to tell you that. We’ve had enough warning signs well in advance: Recently, FedEx warned of a global recession with slowing shipping demand. The world’s largest container shipping company Maersk warned of “plenty of dark clouds on the horizon.” Amazon laying off 10,000 employees right…
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Market update: How can investors navigate the current state of the economy?
U.S. GDP shrank by 0.9% in the second quarter after falling 1.6% in the previous quarter — marking two consecutive declines. By technical definition, the economy is officially in a recession. Reports point to a deteriorating economy The latest GDP report shows services spending grew 4.1% while goods spending fell 4.4% — as well as…
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Has the market hit rock bottom? Look to capitulation signals
Are you trying to determine whether we’ve hit rock bottom in the market? For a clue, pay attention to this word in the next few months: capitulation. Waiting for the market to capitulate Capitulation is seen as a narrative change on Wall Street and correlates with widespread selling. But capitulation is also when investors want…
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