Economy Is Slowing, But No Recession In Sight
Schwab Network
English - March 08, 2023 19:05 - 5 minutes - 58.7 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The market is looking for clarity on earnings and interest rates, says Ed Butowsky. He discusses the takeaways from Powell's testimony. He notes that he would load up on utility stocks, and in 2024, rates will be lower than today, and higher valuations will be acceptable. He then goes over the outlook for the economy in 2023 and navigating market dynamics in turbulent times. He also mentions how to hedge against inflation. He says the U.S. economy is slowing but I don't think we are heading for a recession. Tune in to find out more about the stock market today.