#tech #youtube #recession
Yahoo Finance markets reporter Josh Schafer breaks down the three most important charts for the economy from the Bank of America survey, including recession concerns, the debt ceiling, and tech.
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BREAKING: Recession News
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Recession fears, debt ceiling concerns, plus tech and investors: 3 charts from Bank of America
As uncertainty continues to loom over the global economy, Bank of America has released three charts that shed light on some concerning trends. These charts outline recession fears, debt ceiling concerns, and the impact of technology on investors.
1. Recession fears:
The first chart highlights the growing concerns regarding a potential recession. The graph depicts the percentage of fund managers who believe that a recession is imminent. According to the data, 41% of global fund managers believe that a recession is likely to occur within the next 12 months, the highest level since 2009. This sentiment has been driven by a combination of factors, including the ongoing trade war between the United States and China, geopolitical tensions, and slowing global growth. These fears could have a significant impact on investor sentiment and market performance in the coming months.
2. Debt ceiling concerns:
The second chart focuses on the US debt ceiling, which is the maximum amount of money that the US government can borrow to meet its financial obligations. It shows the projected date at which the US government will reach its debt limit if the ceiling is not raised. Currently, the chart indicates that the US will hit the debt ceiling by early October 2022. This poses a serious concern as it could lead to a potential default on government loans and further disrupt the stability of the global financial system. Policy makers will need to address this issue to avoid severe consequences.
3. Tech and investors:
The third chart explores the significant impact of technology on investors. It portrays the percentage of global fund managers who believe that the technology sector is currently overvalued. The data reveals that 37% of fund managers perceive the technology sector to be overvalued, marking the highest level since December 2000 during the dot-com bubble. This sentiment is largely driven by the immense growth and dominance of technology companies in recent years, raising concerns over excessive valuations and potential market imbalances. It indicates that many investors are wary of the potential risks posed by the technology sector.
In conclusion, these three charts from Bank of America highlight some alarming trends in the global economy. The growing recession fears, debt ceiling concerns, and unease around the technology sector are all contributing to heightened uncertainty among investors. It is crucial for policymakers and market participants to navigate these challenges prudently in order to mitigate potential risks and support a stable and sustainable economic future.
You got valid points though Inflation is dilapidating. Quite sad what's happening in the market. Although, even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. The market circumstances are driving me insane, my portfolio has lost almost $13K this month alone, my earnings are tanking. I'd appreciate some financial advice from anyone who knows more going forward.
Recession started January 22 and felt in October 22 and will continue till end of 23 where we will see more downside in the stock market to new lows. SPY to $320 let’s go!
Laughable…we are in a recession
This was super hard to predict. 80% of Americans are paying more for shelter relative to the median income today than in 2006-2008 while their groceries, utilities, taxes, insurance, vehicles and fuel are up 45-60% in the same 2-year span. Now people are slamming the brakes on spending, which will cause millions of job losses. Unemployment needs to and WILL hit 6+% and that's going to lead to a worse foreclosure crisis than 2008. Because we're in a bubble almost exactly 50% larger than 2008 relative to people's incomes and net worths, and that's the only metric that ever matters. Unemployment and mortgage rates were artificially low while the government handed out $10 trillion in imaginary money. Only people who don't know a single thing about economics thought this was even close to sustainable. Guess where 9 of that 10 trillion dollars went? Back into the hands of the government and into the pockets of the wealthiest 5% of investors and corporations. But the middle class is still on the hook for 50-60% effective inflation, with only 10% increases in pay in 2 years.
All BullS***t!!! Market is SKY ROCKETING and look at the SEMIS, it will double in next 2 months!!!
Recession start in sept 2019….when the repo market jump at 10% and the FED had to intervene….that mean the financial rand out of cash