David Zervos, Jefferies chief market strategist, joins ‘The Exchange’ to discuss the U.S. economy heading into 2023 and the likelihood of a soft landing. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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BREAKING: Recession News
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As the COVID-19 pandemic continues to shake global economies, fears of a recession are quickly rising. However, David Zervos, Chief Market Strategist at Jefferies, is urging investors not to get caught up in these fears.
Zervos argues that while the pandemic is causing significant disruptions, it’s essential to keep a long-term perspective. He points out that the stock market has a history of recovering from crises, and economic growth has almost always resumed after downturns.
Furthermore, Zervos notes that monetary policies are in place to support the economy during these challenging times. The US Federal Reserve has already made several rate cuts, and other countries are enacting similar measures to bolster their economies.
Zervos also recommends that investors avoid making reactionary decisions based on short-term market swings. Instead, he advises focusing on diversification, long-term planning, and maintaining a stable investment strategy.
While it’s natural to be concerned about the potential impact of a recession, Zervos reminds us that it’s important to stay calm and avoid rash decisions. By staying level-headed and sticking to a well-informed investment plan, investors can weather even the most severe economic storms.
What's in that pipe?
He looks like the Indian Actor Kabir Bedi!
Despite the economic downturn, I'm so happy☺️I have been earning $60,200 returns from my $10,000 investment every 13 days
He looks like a trustworthy guy.
the curve does not suggest the Fed has things under control. it suggests that markets know that inflation is transitory. the Fed will take their victory lap and the game will continue.
Get a haircut. It's not 2021 anymore.
Comes and says nothing
You know its getting serious when David is going full Jesus.
hair, lots of hair…
No. Way. They got David Zervos in the studio!!!
The people will suffer not the market
Is that Vince Neil from Motley Crue?
My man is a part time metal lead singer
Dang! , Wolfman Jack lost some weight and is looking good!.
Of course he does not want anyone to panic. He makes money when people invest! Do not trust these guys!
Is there a conversation that Steve doesn't interrupt people? He does realise his job is to add data/stats and not be a serial a-hole?
I thought at first that was Adam Duritz from the Counting Crows.
This guy is delusional
Jesus has returned ….
2:42…"wheeze in the freak"…?
Consumers appear to be tapped out.
The markets need more to support them than Credit Cards.
Inflation appears to be an issue that the State department created,
the Fed seems incapable of fixing that.
2008 is coming back to haunt Bernanke's econ Prize…….
Dude looks absolutely disgusting like he’s been on nonstop benders since COVID hit
I never in a million years expected someone so senior at Jefferies look like that (Jared Leto)
Fair play to him
Gotta love the hair