Still, economists at the Federal Reserve believe that a recession seems more likely by the end of 2023 than not. Like Vladimir and Estragon from Samuel Beckett’s play Waiting for Godot, investors are anxiously awaiting the titular recession that may or may not arrive this year,” wrote State Street analysts Michael Arone and Matthew Bartolini. ![]() “Investors are on edge - eager to protect their unexpected gains. ![]() Unfortunately, Wall Street is unlikely to receive the clarity it seeks anytime soon. Recession obsession: Epic “will-they-or-won’t-theys” like Rachel and Ross, Mulder and Scully, and Sam and Diane have nothing on the two-year flirtation between the US economy and recession. Below are four of the most prevailing trends they’re prognosticating. So what does the rest of the year have in store for Wall Street? If it’s anything like the first half of the year, it’s anybody’s guess.Įvery June, just about every US financial institution releases its mid-year outlook, outlining the themes that its analysts believe will dominate the latter months of the year. Investors have had to contend with the possibility of recession, a banking crisis, interest rate hikes (and pauses), sticky inflation, and a softening US economy.Īll the while, stocks were climbing out of a bearish phase into a bull market. The first half of 2023 has been a strange and volatile one for markets.
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