Brent Schutte, Northwestern Mutual Wealth Management CIO, joins ‘Squawk on the Street’ to discuss the latest comments from the Federal Reserve, what underpins the soft landing thesis and how much it’ll hold, and how to play the market if investors are feeling bearish….(read more)
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Expect a mild recession, says Northwestern Mutual’s Brent Schutte
As the global economy continues to grapple with the impact of the ongoing COVID-19 pandemic, many economists and financial experts are weighing in on what the future may hold. One such voice is that of Brent Schutte, Chief Investment Strategist at Northwestern Mutual, who recently shared his insights on the potential for a mild recession in the coming months.
Schutte, who has a long history of analyzing market trends and economic indicators, believes that there is a strong possibility of a mild recession on the horizon. While this may seem concerning, Schutte is quick to point out that this potential recession is not expected to be as severe as previous economic downturns.
In a recent interview, Schutte explained that there are several factors contributing to his prediction of a mild recession. He pointed to the ongoing supply chain disruptions, labor shortages, and inflation concerns as key drivers of potential economic slowdown. Additionally, the uncertainty surrounding the pace of the global recovery from the pandemic and the potential for policy missteps could further contribute to economic volatility.
Despite these potential challenges, Schutte remains optimistic about the overall resilience of the economy. He notes that while a mild recession may be on the horizon, there are also signs of strength in various sectors, including technology and healthcare. Additionally, consumer spending and business investment are showing signs of improvement, which could help mitigate the impact of a potential economic slowdown.
Schutte’s insights come at a crucial time as individuals and businesses alike are looking for guidance on how to navigate the uncertain economic landscape. His measured approach and focus on the potential for a mild recession provide valuable perspective for those seeking to make informed financial decisions in the months ahead.
As the global economy continues to adapt to the challenges posed by the pandemic, it is clear that maintaining a sense of perspective and staying informed about potential economic developments will be crucial. Schutte’s analysis offers a valuable perspective and serves as a reminder that while challenges may lie ahead, there is also reason for cautious optimism.
In conclusion, the potential for a mild recession in the coming months is a topic of significant interest for many in the financial community. Northwestern Mutual’s Brent Schutte’s insights provide valuable perspective on the potential economic landscape and serve as a reminder that staying informed and maintaining a sense of perspective will be crucial in navigating the road ahead.
dogshit stance as expected of northwestern mutual the fed isn’t planning on inducing a real recession for at least a year and a quarter
The recession that they've been telling us about for 4 years now lol??
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keep that outlook and expect to lose your job bro.
Ha ha, my company just gave a 20% raise to 1000 workers
Brent Schutte's arrogance exemplifies why the overwhelming majority of institutional money managers repeatedly under-perform the S&P, meaning an investor would have done — much much — better if they had just bought an index fund. This individual and the alike have been attempting to talk down markets for over two years now with their calls for a recession just weeks away and an earnings collapse next quarter.
No one in this day and age of freely accessible information should be trusting these Private Bankers / Wealth Managers with their money. Their track records speak for themselves.
I recommend retail investors to buy long the Mag Seven despite the various narratives being thrown around by Schutte and his ilk. I like Tesla stock at these steep discounts.