recession - Unusual Whales

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recession

A collection of 13 posts

Jim Cramer says he doesn't see a recession coming

Per CNBC Jim Cramer went on CNBC to tell investors that he doesn't think there'll be a recession coming. This came as Cramer pointed out how a recession wasn't inevitable in many sectors, including banking, homebuilding, travel, and leisure. Cramer gave a statement regarding

treasury secretary

Treasury Secretary Janet Yellen says she doesn't expect a US recession

Per Fortune Treasury Secretary Janet Yellen recently commented on the state of the US economy, saying that she doesn't expect the country to go into a recession. This comes in a statement she gave during her interview with Bloomberg Television. Yellen: “Many countries do depend on strong Chinese

HSBC Asset Management warns of potential US recession in 2023 and Europe recession in 2024

Per CNBC HSBC Asset Management recently commented on the state of the US, saying that it would "enter a downturn" in Q4. Following this, it was also noted that a European recession was expected to happen in 2024. This came from HSBC Asset Management Joseph Little, who stated

JPMorgan's Marko Kolanovic warns that a recession could still happen

Per Business Insider JPMorgan strategist Marko Kolanovic has recently commented on the stock market. While others are trying to seize the bull stock market, the strategist says that a recession could still happen. Kolanovic released a statement urging people to still be cautious while reportedly remaining underweight equities while being

conference board

Conference Board survey finds 93% of CEOs are preparing for a recession in the next 12 to 18 months

Per CNBC A recent survey by The Conference Board revealed that the majority of CEOs were already preparing for a recession, with only less than 10% of them doing otherwise. It was noted that the CEO's preparations were for a recession that could happen over the next 12

Bank of America says AI is in a 'baby bubble' like the dot-com era

Per Bloomberg Strategist Michael Hartnett of Bank of America has given his statements regarding AI. He recently likened it to that of the dot-com bubble, saying that it was in a "baby bubble." With all the hype around AI, especially ChatGPT, other companies are trying to get into

Elon Musk: 'Mild recession is already here'

Per Business Insider Elon Musk has previously commented about a recession coming, and now, he noted that a "mild recession" was "already here." He noted that although a "mild" recession was here, there could still be a "severe" recession coming. This came

Goldman Sachs increases 12-month US recession probability by 10%, now at 35%

Per WSJ Goldman Sachs has reportedly increased its estimations of whether a recession would hit the United States in the next 12 months. Previously, the firm estimated that the probability sat at just 25%, but now, it estimates that the probability of a recession in the next 12 months is

bank of america

Bank of America expects the second half of 2023 to be affected by the delayed US recession

Per Bloomberg A Bank of America strategist says that the stock market will take a hit in the second half of this year and that the drop would be due to the delayed recession in the US. Executive Vice President Michael Harnett led a team that came up with the

Morning Consultant poll says 46% of Americans think the nation is already in a recession

Per Morning Consultant A recent poll by Morning Consultant found that 46% of US adults already thought the country was in a recession. These comprised people that were earning less than $50,000 a year. The survey also saw that 57% of Republicans believe that the US is already in

Citigroup Drops 2023 Worldwide Recession Probability to 30%, Down from 50%

Per Economic Times Citigroup economists were once 50-50 about a worldwide recession in 2023, but now, they have decided to drop their estimates down to 30%. This comes as different macroeconomic factors have changed, and the global economy is improving in certain areas. The estimations by Citigroup come despite a

61% of Economists Think Recession is Possible in the Next 12 Months: GDP Expected to Stagnate in 2023

61% of businesses and academic economists expect the US economy to go into recession this year as GDP is expected to stagnate. Despite the Feds trying to bring down inflation, most respondents think this won't happen. The report came with a graph that showed the likelihood of a

UK GDP Bump Helps Slightly Steer Risk of Recession

Bloomberg A small recovery in the UK economy via an increase of 0.1% in gross domestic product (GDP) is helping its economy slightly decrease the risk of falling into a recession. This comes despite a recession expected by the central bank from late 2022 until 2024. While some parts