Recession

Jeffrey Gundlach, the CEO of DoubleLine, has cautioned that the current stock market is as overvalued as it was at the beginning of the previous bear market, which could signal a looming downturn. What Happened: The billionaire investor, speaking at the Exchange Traded Funds (ETF) conference on...

David Rosenberg, a prominent economist, has raised concerns about the current state of the stock market, warning that it mirrors the conditions that preceded the crashes of 2000 and 2008. What Happened: Rosenberg, who heads Rosenberg Research, has drawn parallels between the present market and the...

Stocks made new record highs, with the S&P 500 reaching a closing high of 5,026.61 and an intraday high of 5,030.06 on Friday. For the week, the S&P gained 1.4%. The index is now up 5.4% year to date and up 40.5% from its October 12, 2022 closing low of 3,577.03. Coming into 2024, Deutsche...

Editor’s note: This story has been corrected to make clearer in the headline the expectation of a 59% chance of interest rate cuts by May is a market bet, and to attribute the 85% chance of no rate cut in March to traders. The latest findings from the National Association for Business...

In a recent survey, only 25% of business economists and analysts foresee a recession in the United States in 2024. The potential downturn is likely to be triggered by external factors, such as a conflict involving China, rather than domestic economic issues like increased interest rates. What...

Renowned investor Leon Cooperman has issued a warning about the stock market, citing the potential for a downturn. He also anticipates a rise in long-term interest rates. What Happened: Cooperman, the chair and CEO of the Omega Family Office, expressed his concerns about the stock market’s...

Deutsche Bank AG, one of the first Wall Street banks to forecast a U.S. recession, has retracted its prediction almost two years later. What Happened: The bank’s economists, led by Matthew Luzzetti, acknowledged the robust 2023 economy, with inflation nearing the Federal Reserve’s 2%...

In a recent interview with CBS 60 Minutes, Federal Reserve Chair Jerome Powell downplayed the possibility of an impending recession, attributing the current economic conditions to distortions caused by the pandemic. The interview was broadcast on Sunday. What Happened: Powell stated, “I would...

Renowned investor Jeffrey Gundlach has issued a stark warning, drawing parallels between the current market situation and the infamous dot-com and housing bubbles. He predicts that this “euphoria” will soon come to an end, leading to a recession by this summer. What Happened: Gundlach,...

In a recent interview with CNBC, Jeffrey Gundlach, the CEO of DoubleLine Capital, expressed his concerns about the “Goldilocks” narrative and predicted an impending recession. This forecast comes in the wake of the Federal Reserve’s decision to maintain interest rates, a move that...

Fears of a severe economic downturn are fading as economic growth continued to outpace expectations, and on Tuesday, the International Monetary Fund (IMF) backed up hopes of a soft landing in its quarterly report. The Washington, D.C.-based IMF said economic resilience seen in the second half of...

The U.S. economy could be on the verge of a significant stock market crash and a year-long recession, according to market strategist Jon Wolfenbarger. What Happened: Wolfenbarger, a seasoned market observer, anticipates a severe drop in the U.S. stock market and a prolonged recession. Wolfenbarger...

Investor Cathie Wood regularly shares her opinions on the macroeconomic environment and what could be ahead for stocks. On Tuesday, Wood doubled down on her belief in a deflationary environment in 2024. What Happened: With the S&P 500 and technology stocks hitting record highs, Wood was asked...

The economist who introduced the inverted yield curve as a recession predictor has forecasted a slowdown for the U.S. economy in 2024. What Happened: Campbell Harvey, a Canadian economist and researcher at Duke University, has indicated that the U.S. economy is likely to experience a downturn this...

In a recent public webcast, Jeffrey Gundlach, CEO of DoubleLine Capital and billionaire investor, expressed concerns about a potential recession and a downturn in the S&P 500. What Happened: Gundlach held a bearish stance on the market, indicating the S&P 500 is a less-than-ideal investment...