Recession

Economic Recession
Global Economy
Recession
U.S. Recession

World Bank to Warn of Global Recession Risk in Economic Outlook

(Bloomberg) — The World Bank is concerned that “further adverse shocks” could push the global economy into recession in 2023, with small states especially vulnerable. The warning is contained in an abstract for the bi-annual “Global Economic Prospects” report due for release on Tuesday and visible on the group’s Open Knowledge Repository website. Even without […]

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Bear Market
Economic Recession
Recession
U.S. Recession

Goldman Sachs Strategists Say Bear Market Will Last in 2023

(Bloomberg) — Equity investors hoping for a better year in 2023 will be disappointed, according to Goldman Sachs Group Inc. strategists, who said the bear market phase is not over yet. “The conditions that are typically consistent with an equity trough have not yet been reached,” strategists including Peter Oppenheimer and Sharon Bell wrote in […]

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Economic Recession
Federal Reserve
Recession
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U.S. Recession

Fed Seen Aggressively Hiking to 5%, Triggering Global Recession

(Bloomberg) — Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said. The Federal Open Market Committee will raise rates by 75 basis points for a […]

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Lay Offs
Recession
Top Stock Market News

Intel Plans Thousands of Job Cuts in Face of PC Slowdown

(Bloomberg) — Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of the situation. The layoffs will be announced as early as this month, with the company planning to make the move around the same […]

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Global Economy
Global Inflation
Recession
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Danger of $4 Trillion Hole in World Outlook Haunts IMF: Eco Week

(Bloomberg) — Global finance chiefs gather in Washington in the coming days with the warning of a possible $4 trillion loss in the world’s economic output ringing in their ears. That’s the Germany-sized hole in the growth outlook through 2026 that International Monetary Fund chief Kristalina Georgieva identified last week as a looming risk. She’ll […]

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Economic Recession
Recession
Top Stock Market News
U.S. Recession

US Stocks Have Just Started Pricing In Recession

(Bloomberg) — US stocks may resume their slump as they have only just begun to price in a recession, according to Citigroup Inc.’s quant strategists. The market has turned “decidedly defensive again,” the strategists including Hong Li wrote in a note Tuesday. Recent synchronized moves suggest “equity investors are paying closer attention to the increased […]

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Consumer Staples
Recession
Trade Of The Day
TradersPro Sunday

Top Consumer Staples Stock To Buy Now

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil. The company operates through six segments: Real Estate, Grains, Sugarcane, Cattle Raising, Cotton, and Other. LND $6.0000 -0.1000 % -1.6400 Brasilagro ADR Sector : Consumer Staples Industry : Agriculture Operations Signal […]

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Economic Recession
Recession
Stock Market
Top Stock Market News
U.S. Recession

Stock Traders Brace for a Steeper Dive as Fed Ups Recession Fear

(Bloomberg) — A hawkish Federal Reserve crushed whatever hope investors had, plunging the stock market into a doom spiral last week and sparking traders’ fears that even more losses are on the way. Any hopes that stocks had priced in the bulk of the bad news heading into the Fed’s latest meeting are now dashed. […]

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Commodities
Economic Recession
Recession
U.S. Recession

Goldman Says Buy Commodities, ‘Worry About Recession Later’

(Bloomberg) — Goldman Sachs Group Inc. urged investors to pile into commodities as most recession risks coursing through global markets are overblown in the near term, arguing that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals. “Our economists view the risk of a recession outside Europe in the next […]

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Recession
U.S. Recession
US Economy

US Economy Shrinks for a Second Quarter, Raising Recession Odds

(Bloomberg) — The US economy shrank for a second straight quarter, raising chances of a recession, as decades-high inflation undercut consumer spending and Federal Reserve interest-rate hikes stymied business investment and housing demand. Gross domestic product fell at a 0.9% annualized rate after a 1.6% decline in the first three months of the year, the […]

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Federal Reserve
Recession
U.S. Recession

Powell’s Bond Market Recession Indicator Is Sending a Warning

(Bloomberg) — The Federal Reserve’s interest-rate hikes are wearing out their welcome in bond markets, with a measure of the yield curve that Chair Jerome Powell has highlighted as a recession indicator sending out a warning message. The difference between rates on where three-month bills are now and where they will be in 18 months […]

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Bonds
Economic Recession
Recession
U.S. Recession

JPMorgan’s Michele Says Bonds Have Recession Priced In

(Bloomberg) — Bob Michele, a bond market veteran for more than four decades, predicts a 75% chance of a US recession over the next 18 months, but thinks it’s priced in. “Clients are returning to the bond market, especially corporate bonds,” Michele, JPMorgan Asset Management’s chief investment officer, said on Bloomberg Television’s “Wall Street Week” […]

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Economic Recession
Global Inflation
Inflation
Inflation Stocks
Recession
U.S. Recession

Recession Now Looks Like the Price to Pay for Beating Inflation

(Bloomberg) — After underestimating the worst inflation outbreak in decades, central banks are now driving their economies headlong toward recession in order to tame prices. The stark outlook is stoking fears that policy makers will end up overreaching as they push ahead with aggressive interest-rate hikes, just as some now concede they overstimulated through the […]

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Bond Market
Bond Traders
Recession
U.S. Recession

Bond Investors Bet the Recession Trade Is Just Getting Started

(Bloomberg) — For all the volatility whipsawing the US bond market, traders are showing increasing confidence that the alarm bells warning of a recession will only get louder. The jump in consumer prices in June by another four-decade high reinforced the near-certainty that the Federal Reserve will keep tightening monetary policy aggressively, with markets placing […]

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Bonds
Recession
U.S. Recession

Bill Gross Favors T-Bills Over Stocks, Bonds as Recession Looms Large

(Bloomberg) — Bill Gross has one piece of advice for those looking to buy dips in bonds, stocks and commodities: just don’t. The former bond king said one-year Treasury bills are a better alternative to almost any other investments, as the Federal Reserve’s interest-rate hikes lead to a “strong” possibility of recession. Gross, co-founder of […]

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