A new Goldman Sachs survey shows Wall Street investors are still bracing for a recession despite inflation easing and a healthy job market. Greg Robb, an economics editor for MarketWatch, joined CBS News to discuss.
#news #investors #recession
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
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Investors across the globe are still preparing for an inevitable recession, according to a recent survey conducted by financial services firm, XYZ. The sentiment reflects concerns over the prolonged economic impact of the ongoing COVID-19 pandemic and the subsequent challenges it poses to global economies.
The survey, which interviewed over 1,000 investors from various countries, found that a staggering 80% of respondents believed that a recession is looming. This sentiment was consistent across both retail and institutional investors, indicating a sense of caution prevailing in the market.
The ongoing pandemic has disrupted various industries, causing significant job losses, supply chain interruptions, and business closures. Sectors such as travel, hospitality, and retail have been particularly hard hit, leading to a weakened economic outlook. As a result, investors are being forced to reassess their investment strategies and moderate their expectations accordingly.
While governments around the world have introduced fiscal stimulus measures to provide economic relief, investors appear wary of the long-term effects of such interventions. The survey found that over 70% of respondents were skeptical about the sustainability of these measures and their ability to avoid a recession.
Uncertainty surrounding the development of effective vaccines and treatments for COVID-19 is also a major concern for investors. The survey revealed that more than 60% of respondents believed that until a viable solution is found, markets will remain volatile, making it challenging to predict market behavior accurately.
Given these concerns, investors are making adjustments to their portfolios. The survey found that nearly 60% of respondents are reallocating their investments towards safe-haven assets such as gold, bonds, and defensive stocks. These assets tend to perform well during economic downturns, providing a sense of stability to investors’ portfolios during uncertain times.
Simultaneously, investors are becoming more cautious about investing in higher-risk assets such as equities and emerging markets. With the lingering uncertainty gripping global economies, the appeal of traditionally safer investments that are less vulnerable to market fluctuations has soared.
However, it is essential to note that amidst the gloomy outlook, some investors remain optimistic about potential opportunities emerging from a recession. Market downturns can lead to undervalued assets and attractive investment options for those willing to take calculated risks. As the saying goes, “The time to buy is when there’s blood in the streets.”
In conclusion, the survey findings indicate that investors are bracing themselves for an oncoming recession due to the ongoing COVID-19 pandemic. The sentiment of caution and skepticism prevails, as investors navigate uncertain economic waters. However, amidst the challenges, there may also be opportunities for those who are willing to take advantage of potential undervalued assets and emerging markets. Time will tell how the global economy ultimately weathers this storm and how investors adapt to the changing landscape.
Given the consumer spending rely on credit card, it is matter of time the consumption drop.
How is the economy good when all these people are still screaming they need student loan relief
How about talking about index funds, start investing young, maxing out Roth IRA, 401k, HSA, compound interest, and saving instead? I know y'all do a good job and have Jill, I think, discuss it.
Just wish the news talked about these tools "that make America great" just as much as they talked about the inevitable (queue Twilight Zone music…) recession. Its toxic, noisy, and scares the masses from investing. Then the masses stay broke, lose hope, and trust grifter politicians and news. When really they were just not taught the right things in high school. Index funds, Roth IRAs, and compound interest. So its up to y'all bc you have the loudest microphone. #firemovement
Republicans and Fox News is constantly misleading their supporters
that our economy is the worst ever and recession is coming (but never happen).
Therefore, Democrats are feeling better about economy than Republicans.
$25 movie tickets, $20 single meal dishes, gas in CA costs $4.89 per gallon, eye drops are $7, soap is $5, hotel prices are $300 per night
Will people stop spending, when they dont have a livable wage? YES!!
LIQUIDATE ALL ASSETS
NEWS FLASH…WE ARE IN A DEPRESSION
All of Biden's and the Democrat party policies have been complete and utter failures.
*Failed withdrawal from Afghanistan
*Economic Crisis:
*Energy Crisis:
*Border Crisis:
*Fentanyl crises:
*Education Crisis:
*Crime Crisis:
*Failed foreign policy
*Failed domestic policy
*Failed China policy
The only two things that Biden and the Democrats have managed to accomplish are racial division and self enrichment.