Chris Grisanti, Mai Capital Management chief equity strategist, joins ‘The Exchange’ to discuss the current market environment, his bullish call on Verizon, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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As we enter the second half of 2021, many economic indicators are pointing toward the possibility of a recession on the horizon. Chris Grisanti, managing director of MAI Capital Management, recently spoke about the signs he’s observed that suggest an economic downturn may be looming.
One of the key indicators Grisanti pointed to is the inverted yield curve. This occurs when the yields on long-term bonds fall below those of short-term bonds, signaling investor concerns about the long-term health of the economy. Historically, an inverted yield curve has often preceded recessions, making it a worrisome trend for economists and investors alike.
In addition to the inverted yield curve, Grisanti also highlighted slowing global economic growth as a cause for concern. Many major economies, including China and Europe, are showing signs of weakening growth, which could have ripple effects throughout the global economy.
The ongoing trade tensions between the United States and China are also contributing to economic uncertainty. The tit-for-tat tariffs and trade barriers have the potential to disrupt supply chains and impact global trade, which could further dampen economic growth.
Grisanti also mentioned the slowdown in manufacturing and industrial production as a sign of economic trouble. The manufacturing sector in the U.S. has been struggling, with declining orders and exports, raising concerns about the health of the economy.
Furthermore, consumer confidence has started to wane, with fears about the impact of ongoing trade tensions and economic uncertainty on their own financial well-being. As consumers pull back on spending, it could further weaken economic growth.
Finally, Grisanti pointed to the Federal Reserve’s recent interest rate cuts as an indication that policymakers are concerned about the economic outlook. While rate cuts can stimulate economic activity, they are also a signal that the Fed sees potential risks on the horizon.
In light of these indicators, Grisanti emphasized the importance of being cautious and proactive in managing investment portfolios. He advised investors to consider diversifying their holdings and focusing on sectors that are less sensitive to economic downturns.
While it’s impossible to predict the exact timing and severity of a potential recession, the signs are certainly cause for concern. Investors and policymakers alike will be closely monitoring economic data in the coming months to gauge the likelihood of a downturn and take appropriate steps to mitigate its impact.
ive been warning of a sqqq 40% move coming… thats a 40% drop in tqqq… stocks get bloody then
Where have you been? We are in a recession…..
In every crisis, there is an opportunity," as the saying goes. The 2024 recession, while challenging, presents unique avenues to amass wealth. First, it's essential to remember Warren Buffet's advice: "Be fearful when others are greedy, and greedy when others are fearful." During recessions, assets often undervalue. By investing wisely in stocks, real estate, or businesses during this downturn, you position yourself for significant returns during the economic recovery. As Robert Kiyosaki once said,
"It's not about the amount of money you save, but the amount you invest." Focus on financial education, reducing unnecessary expenses, and leveraging opportunities that arise.
I've been hearing a lot lately about a potential recession. Do you guys think it's actually going to happen?
Instead of trying to predict and prognosticate whether or not we’re going into a recession, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
There's no recession except for onset of Trickle-down-economics!
cnbc and economists are garbage
Y’all been saying this since 2020 just be quiet and wait until it happen ..
It doesn't matter, it peak now at 4.96% or it peak at 6%. At some point its going to peak, rather peak now at 5% than 6%.
Let’s see how the Fed’s icy resolve on higher-for-longer holds up if a recession hits
This guy gets it
in a high interest environment where he thinks we're heading towards a recession the move he recommends is buying one of the most indebted companies in the world
Are credit card unions safe as long as I have less then $250,000 there ? I'd also appreciate valid suggestions where to put the money substantial gains ,and as well hedge against soaring inflation
Geez. The recession has been part of the poor and middle classes life for many months if not a year now. I have less spending power because of high inflation and higher rates. Because of this, I have a recession in my wallet.
With FIXED INCOME now over 5% you gotta be crazy to be buying stocks…….SHORT SIG!!!!!
Where’s the negative gdp ?
To rephrase my earlier question – What would an uptick of 1% in unemployment do if unemployment today is historically lower by 1%?
I'm not kidding when I say that the market crash and high inflation have me really stressed out and
worried about retirement. I've been in the red for a while now and although people say these crisis has it
perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
Tesla is a terrible indicator for recession. That company can only do well in ZIRP, hyperinflation, QE infinity environment. Any other situation and its a dumpster fire.
A recession with max employment?
Why wait to say this until this big dip this before buybacks… They want loose hands to sell and create liquidity for the Nov-Dec rally? We just had 3 selling opportunities.
tesla stock a joke… its way overvalued