The S&P 500 could nosedive 30% this year as a painful recession takes hold, top economist David Rosenberg says
Prepare for US stocks to plunge, unemployment to jump, and the economy to slump this year, David Rosenberg has warned.
MarketWatch in a recent interview. But they should avoid cryptocurrencies, the veteran economist and president of Rosenberg Research said."There's nothing right now in my collection of metrics telling me that we're anywhere close to a bottom," Rosenberg said, noting that he believes a US recession is only just beginning.
The US central bank is currently tightening its grip. It has hiked interest rates from almost zero to nearly 5% within the past year in response to historic inflation, and expects to lift them even higher in the coming months.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Iranian Leader Pardons Thousands After Anti-Government Protests and Mass ArrestsIran’s supreme leader Ayatollah Ali Khamenei pardoned tens of thousands of people over the weekend, including some who were arrested in recent anti-government protests.
Lire la suite »
S&P 500 Futures, Treasury bond yields portray risk aversion amid US-China tension, Fed concernsS&P 500 Futures, Treasury bond yields portray risk aversion amid US-China tension, Fed concerns – by anilpanchal7 SP500 Futures YieldCurve China Fed
Lire la suite »
Lexus LC 500 2023 UK first drive | AutocarTargeted tweaks make incremental gains to a V8 GT car with obvious star quality, but some persistent dynamic shortcomings remain
Lire la suite »
Powerful Earthquake Strikes Turkey and Syria, Killing More Than 500 PeopleThe 7.8-magnitude quake was felt across a large region with multiple aftershocks, rocking an area that houses millions of Turkish citizens, displaced Syrians and refugees.
Lire la suite »
Martin Truex Jr wins Clash at the Coliseum with Daytona 500 on the horizonMartin Truex Jr found himself in first place at the Busch Light Clash at the Coliseum in Los Angeles on Sunday night, gaining momentum ahead of the Daytona 500.
Lire la suite »