A new poll by the Financial Times and the University of Chicago’s Booth School of Business shows 49 economists (70%) of those polled thought we would have a recession next year.
According to research by Sam Stovall, chief investment strategist at CFRA Research: in the 23 market corrections(10-20% decline) since WWII it has taken the market an average of 4 months to recuperate. In the 10 bear markets (20-40% decline) since WWII it took an average of 14 months to recuperate.
Crypto and stocks have crashed together and are looking for a bottom.
But will we get a run up into the end of the year, that is the big question? Watch your recession indicators! Might be time to get out if we get that run.
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