Alicia Levine, BNY Mellon head of investment strategy, joins ‘Closing Bell’ to discuss the Dow’s rally and how the Fed’s next move will determine how long it’ll last. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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BREAKING: Recession News
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Recession appears nowhere in sight, says BNY Mellon’s Alicia Levine
Despite lingering concerns and uncertainties in the global economy, Alicia Levine, Chief Strategist at BNY Mellon Investment Management, argues that a recession is not on the horizon. Levine’s analysis provides a glimmer of hope at a time when many individuals and businesses are experiencing economic anxiety.
Levine’s confidence stems from a variety of factors. Firstly, she highlights the robustness of the U.S. economy, which continues to demonstrate resilience and steady growth. With unemployment rates at historic lows and wage growth gradually increasing, consumers are buoying the economy by confidently spending their earnings. This strong consumer activity serves as a solid foundation for avoiding a recession.
Additionally, Levine acknowledges that while several macroeconomic indicators may cause concern, they do not necessarily signal an imminent recession. Factors such as fluctuating global interest rates, ongoing trade tensions between major economies, and geopolitical risks are undoubtedly relevant and should not be disregarded. However, they do not automatically translate into a future recession. Levine argues that these uncertainties have been priced into the market and are, to some extent, already factored into companies’ strategies.
Levine further emphasizes that central banks around the world, including the U.S. Federal Reserve, have taken proactive measures to buffer the economy. By easing monetary policy and adopting accommodative stances, these institutions aim to support growth and stabilize any potential downturns. Such interventions provide reassurance that policymakers are vigilant and ready to take necessary actions to prevent a recession from materializing.
Although Levine’s optimistic viewpoint is encouraging, it is essential to remain cautious. Economic forecasting is an inherently challenging task, as it involves analyzing complex variables that are prone to unexpected twists and turns. While the current signs point toward stability, global events and economic shifts can quickly alter the trajectory.
Ultimately, it is crucial for individuals and businesses to remain adaptable and proactive. Levine’s analysis serves as a reminder to focus on long-term objectives while carefully monitoring any shifts in the economic landscape. By staying informed and making informed decisions, individuals can position themselves for success regardless of the economic outlook.
In conclusion, the assertion by BNY Mellon’s Alicia Levine that a recession appears nowhere in sight provides a glimmer of hope for individuals and businesses alike. By highlighting the strength of the U.S. economy, proactive measures taken by central banks, and the resilience of consumers, Levine’s analysis brings a sense of confidence amidst global economic uncertainties. However, caution should be exercised, and prudent decision-making should prevail as the economic landscape continues to evolve.
wow cnbc found a female shill.
Agree 100%
so if there's no recession we'll go higher. Got it.
That what they all said before 2008 lol
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
During a recession, despite its negative impact, there are potential opportunities for strategic investments in the market if approached with caution. Additionally, market volatility during such times can present short-term buying and selling opportunities. It's important to note that this is not financial advice, but rather an observation that cash may not hold the same level of advantage during these circumstances.
I can’t wait for this to come crashing down
This is the capitulation we're all waiting for before the real rug pull. This Aug/Sept will be choppy for sure, just like last year. Big rally to pull all the bears in, before the rug pull.
These people are up here trying to sell us a dream everyday. The Leading Indicators haven’t been wrong for 70 years and they keep saying it’s different this time. We’ll see how different it is once the money runs out.
Consumers are tapped. Wages aren't keeping up.
Loading the EV Sector Dips to Keep It Charging UP….? * VEV..3 %…..* NIO 2 %….* CHPT 1 %….* LCID 3 %….* LEV 4 %….* ZEV 4 %.
We're only up about 4.5% per annum in stock market since 2019….with inflation raging at over 6%. S&P historical average is 11.88. We have been in and are coming out of a stealth recession and stocks are poised to resume their steady march forward. Real Estate on the other hand is in for a long steady decay.
Caribean forense
Bunbuling acorhodamodernoensanple
Finally an optimist hired
“We are paid to worry….and the downside is not as dire as it was coming into the year. Therefore, you have to look at what can go right.” -Alicia Levine
She says it’s too soon to call but she’s also making the call anyway. Because it’s different this time
I love the grounded reality of this channel!!!, Despite the recession, I'm so happy withdrawing $60K weekly profit out of my investment I can now afford anything and also support Charity Organizations.
Time to sell everything
Bidenomics is working. Trump would have had us in a depression.
Epic