Is the US headed toward a recession despite cooling inflation?
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- Опубликовано: 26 сен 2024
- The Producer Price Index (PPI) unexpectedly dropped in May, signaling cooling inflation. However, Northwestern Mutual Wealth Management chief investment officer Brent Schutte believes the economy is still on track for a recession and joins Morning Brief to lay out his case.
"I think investors are discounting too easy of a process. They think miraculously inflation is going to come down without causing or having the economy slow too much to cause a recession. They think the Fed is going to be able to miraculously cut rates and keep a slowing economy from moving toward a recession," Schutte says. He believes that a recession is the most likely outcome, pointing to the low-end consumer already under pressure from credit card and auto loan debts.
Schutte explains that the current market is bifurcated: "While the S&P is up, every other part of the market is down. And the S&P has been driven by the 'Mag Seven,' which are up 17% while the rest of the S&P 493 names are actually down 2%." He adds, "I think there's opportunities for investors. Unfortunately, they're not in places that people are looking right now."
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My main concern is how to survive all of these financial and political crisis, especially in light of the US political power struggle.
Bad year for me, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
I agree that hiring a portfolio coach is a smart move and that in this case, patience is your best friend. I make a lot of investments and cannot afford to take the risk of doing it alone. Instead, since the rona outbreak began in late 2019, my portfolio has been maintained by a qualified advisor. I only need about $86k more to reach my three million dollar ROI goal.
Magnificent! Could you please provide additional information about the coach who mentors you? might save me a lot of money
Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.
News Alert! Inflation hasn't just started to affect us. People have been suffering greatly from inflation for almost a century, but notably after 1971. During the industrial revolution, prices of products and services were auctioned down to the point that consumers could literally buy them for as little as a penny thanks to a free market and sound money. All of the problems we have today are a result of government meddling.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
I think it's great to use a portfolio advisor when investing. Before I met with a certified portfolio advisor during the pandemic crash in March 2020, I had recently started having terrible dreams. Finally, with the help of my advisor, I was able to increase my initial investment of $400k to over $2.8 million dollars.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
I did look her up; she is full up, and her credentials and resume are excellent. Regardless, I scheduled a consultation with her.
Ahead? Lol “ya best start believing in recession stories, you’re in one”
Hasn’t a recession been coming for like 3 years now 😂
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
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I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Amber Dawn Brummit ” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
if you lack knowledge about market investing tactics, get advice from a financial counselor.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
I could really use the expertise of this advsors.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Ahead? We are already in a recession SMH
this same guy last year said the dow would go back to 30,000 this year.
Been in a recession over 2 yrs imo. We are well into a depression mode now imo.. Open your eyes dont play stupid qe aint dumb
When was the last time we tamed inflation without a recession?
Recession or depression was needed to end high inflation. High taxes and entitlement cuts come next. Enjoy the next few years everyone. 😂
We are in neither. We are in stagnation. But it desnt affect my family because my dad works in the local government so the job is always there. This only effect private sectors
@@ghosthdel3098 You have no idea. Stagflation is UNEMPLOY,MENT plus inflation.
90% of local gov will be underwater due u.s debt holdings, get ready, best wishes.
@@ghosthdel3098 Stagnation? What about the mass layoffs in tech? Rising costs of food, homes, etc.
That doesn’t sound like stagnation. That’s a decline. A fall.
@@martinvera4720 A lot of tech workers are overpaid and a lot of them cant adapt to situation i.e. because they were paid a lot they believ that they are worth more than average workers. My brother is one of them, he worked in Dell, his salary was >$95k 5 yrs ago then Dell let him go. He has been jobless since. He dont want to work as a tech repair engineer for a local BB company because it is only $50k salary but teh irony is he has not worked the past 5 years.
When you look at the charts you can see that history has proved a recession does not supervene when the yield spread is inverted. It only supervenes when the yield spread reverts to the usual. So all the fed governors have to do his ease rates but not enough to cause yield spreads to revert . 😊😊
Economist and financial "experts" have been predicting a recession since 2019. Sooner or later they will be able to beat their chest and shout they were right, because recessions always eventually happen.
We been in a recession!
Yes. Sometime down the road there will be another recession.
We have been in a recession for at least 9 months!
Wonder if a new president will change anything?
Sigh. We are already in a recession!!!!!!!
Yes recession is near
Comment section is filled up with SCAMMERS.
The aftermath of the pandemic... 1929. 2029 depression?