Recession Is Likely, Patience Is Critical
Schwab Network
English - February 02, 2023 21:06 - 8 minutes - 86.3 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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"Short to mid-term now, I am bullish on the stock market, especially with Jerome Powell's news. However, long-term, there is a strong case for a recession. We can tell this by the inverted yield curve, falling PMI, quantitative tightening, soft home building, and the falling lead indicator. Investors should remain patient and consumers should not tap into their savings," says David Stryzewski.