Kevin Gordon, Charles Schwab, joins ‘Closing Bell’ to discuss the final trading day of 2023 and what he expects ahead for stocks….(read more)

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Market is looking for rolling recessions to become rolling recoveries: Charles Schwab’s Kevin Gordon

In the wake of the COVID-19 pandemic, the global economy has been grappling with the impact of rolling recessions, with several countries experiencing economic downturns at different times. As the world continues to navigate through these challenging times, the market is now looking for signs of rolling recoveries, with investors monitoring economic indicators closely for signs of improvement.

Charles Schwab’s Kevin Gordon, a senior investment strategist, believes that the market is currently in the process of transitioning from rolling recessions to rolling recoveries. According to Gordon, the key driver for this transition is the widespread availability of vaccines and the gradual reopening of economies. As more and more people get vaccinated, consumer confidence is expected to improve, leading to increased spending and economic growth.

Gordon points out that while the road to recovery may not be smooth, there are several factors that are likely to contribute to the rolling recoveries. One of the key drivers is the unprecedented fiscal and monetary support provided by governments and central banks around the world. This support has helped to mitigate the worst effects of the pandemic and has provided a lifeline to businesses and individuals.

Additionally, Gordon highlights the resilience and adaptability of businesses during the pandemic. Many companies have pivoted their business models and have embraced digital transformation, which has enabled them to continue operating despite the challenging circumstances. As a result, these businesses are well-positioned to capitalize on the economic recovery and potentially thrive in the post-pandemic world.

Another important factor that Gordon mentions is the pent-up consumer demand. As restrictions are eased and people feel more confident about their health and safety, there is likely to be a surge in spending on goods and services that were put on hold during the pandemic. This increase in consumer demand is expected to drive economic activity and contribute to the rolling recoveries.

Looking ahead, Gordon advises investors to remain cautious and to keep an eye on potential risks and challenges that could impact the recovery. While the rollout of vaccines is a positive development, there is still uncertainty surrounding new variants of the virus and the potential for future lockdowns. Additionally, inflation and rising interest rates are potential headwinds that could disrupt the recovery.

In conclusion, the market is eagerly anticipating rolling recoveries as the global economy gradually emerges from the depths of the pandemic-induced recessions. With vaccines becoming more widely available and the reopening of economies gaining momentum, there are positive signs that the worst may be behind us. However, it will be important for investors to remain vigilant and to adapt to the evolving economic landscape as the recovery takes shape.