Lauren Goodwin, New York Life Investments economist, joins ‘Closing Bell’ ‘Closing Bell’ to discuss the current market rally and her market outlook. 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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The global economy has been on a rollercoaster ride in recent years, with constant speculation about a potential recession looming on the horizon. While markets have remained relatively stable, one expert from New York Life Investment Management believes that the economy is closer to a recession than many may think.
David Goodwin, co-lead of global asset allocation at New York Life Investment Management, has warned that the current economic conditions are more indicative of a forthcoming recession than most people realize. Goodwin argues that while the markets may appear to be functioning normally, underlying economic data suggests otherwise.
One of the key indicators that has raised concerns for Goodwin is the flattening yield curve. The yield curve is a graph that plots the yields of similar quality bonds against their maturities, and a flattening yield curve is often seen as a warning sign of an impending recession. Goodwin has pointed out that the yield on the 10-year Treasury note has fallen below the yield on the 3-month Treasury bill, a phenomenon that has historically preceded economic downturns.
Another point of concern for Goodwin is the global manufacturing sector, which has been experiencing a significant slowdown. The ongoing trade tensions between the United States and China, as well as other geopolitical uncertainties, have been weighing heavily on global manufacturing activity, leading to a decrease in industrial production and business investment.
Furthermore, Goodwin has also highlighted the weakness in corporate earnings growth and the high levels of corporate debt as additional red flags for the economy. With many companies struggling to generate robust profits and carrying significant debt loads, the potential for a recession becomes increasingly plausible.
In light of these factors, Goodwin has expressed the need for investors to be more cautious in their approach and to consider reallocating their assets to more defensive positions. He has advised that investors should focus on quality and resilience in their investment decisions, as well as consider diversifying their holdings to mitigate the potential impact of a recession.
While Goodwin’s warnings may sound alarming, it is important to note that the timing and severity of a recession remain uncertain. However, his insights serve as a significant reminder that the current economic climate should not be taken for granted, and that proactive measures should be taken to prepare for potential economic challenges ahead.
As the global economy continues to face various headwinds, it is crucial for investors to remain vigilant and informed about the unfolding economic developments. By staying attuned to the warnings of experts like David Goodwin, individuals and businesses can better navigate the potential risks and opportunities that lie ahead.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
The 2020 recession, no wait that didn't happen, then the 2021 recession, nope. The 2022 depression, that didn't happen and then 2023 catastrophe, nope. Keep talking.
Given the re-inverting yield curve and increased market volatility, I'm reevaluating my portfolios, and the outlook is concerning. How should I reallocate funds within my $1M portfolio to navigate the potential economic downturn?
Recession from greed and a borrowing government that cant afford to pay its bills creating inflation
Point of Truth: These ' market ' analysts, are REALLY WORRIED – unsure of WHAT IS HAPPENING = AND WHAT they can do about it. THEY KNOW the USA NATIONAL debt, is totally UNREACHABLE, TO PAY OFF – AND NO WAY ANYONE HAS, to implement a ' start to pay it off ''. THEY KNOW THE STOCK MARKET – HOUSING MARKET is over-inflated ; pricewise. THEY KNOW……NO ONE will END THEIR GREED . WHICH is why, USA will default – and more internal social problems, go UNSOLVED. What we ' see ' today on all societies fronts, is a nation falling into oblivion. NO nation, lasts forever…. / The USAs' time….is up.
We are already in recession.
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING…I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
so many words for basically "look, we have no clue. just invest long term and dont bother".
https://www.youtube.com/watch?v=-3UBrBd8-P8
Is this a good time to buy stocks? I know everyone is saying we are in the bull market and all, but obviously there are strategies to maneuver when there is a bear market but these strategies doesn't come common to the average folk, I'm attempting to create a portfolio for me and my children that will at least be $1.2m in value.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio.
Kernan such a hack. Doesn't like Sorkin's questions to Cantor, so asks Sorkin his own questions.
There is not ONE thread down below that is not started up by scammers who are recommending some FAKE Investment specialist. When will the frikkkkkin staff of YouTube get their shaite together and start doing something against all those scammers?
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.
This woman’s out of touch I feel sorry for the people taking her advice
Well, the economy is not that bad when most of my elementary school students have cell phones starting in 3rd grade, they all have $200+ Nike Jordan sneakers and spend lots of money in beauty salons every week. And these are kids living in a “poor” neighborhood. And they get free food that they throw in the garbage.
I've been diligently working, saving, and investing toward financial independence and early retirement, but the economy since the pandemic has eaten up the majority of my $3 million portfolio. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Markets are booming again. We just need to listen to them when thwy say all ok. We sell :Dd
It's time to change up your revenue streams.The best choice anyone can make is to pursue passive income. Investing in crypt0 turned out to be the best choice I've ever made.The best way to ensure financial security is to diversify your sources of income.
I used to think every investor lose out during recession, meanwhile some make millions. I'm considering whether to put $400k in my stock portfolio. What is the greatest approach to profit from the market?
The current economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio of $250,000.
Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best way to succeed in crypto is by trading your assets with good strategy
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my $285k portfolio comprising of plummeting stocks that were recommended by certain financial YouTubers, quite devastating!
SPY price above the 50, 100 and 200 day moving avg., currently a risk off environment.
We are in a rolling recession. That is why macro economists like Goodwin can't see what the average household is feeling. The U of Michigan consumer sentiment index reflects that we are in a rolling recession and is at odds with the government's GDP print.
I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.
Been hearing people talk about recession all 2023 and guess what there was no recession 2023. if they are gonna say recession 2024 i wont Believe them they cant pretend we are gonna have a recession every year.
The dollar keeps losing value I've been told several times that It's not wise to just save your money in the bank, I've given it some thought and I want to start trading on the market…Is this the right time to start trading?
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING…I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
CNBC is bought
Meanwhile, 5 days after this Biden is bragging about the economy.
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
we cant keep giving money away!the PPP program was a way to keep tje economy afloat but the inflation here when 55 busineesses in a small missouri county got 32-500 thousand in free money ….,no payback and tax-free…..land doubled.Plastic pipe saw 400% Increase as "Build Back.More Wastefully' is installing fiber-optic in places where they cant spell cumputor!Orange pipe and $63 an hour help,,all driving inflation,,,hurt worse than anybody is the very voter-base poor who cant afford $600 month rent,much less 1000!!BUT THEY will continue to vote blue saying stupid things like"The republicans are for the rich" and that blue stands for the "working man"
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not strongly reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
C'MONNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN!
What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.