“Counter-trend rally may continue, but make no mistake, we don’t believe this bear market is over, even if we avoid a recession,” he wrote in a note on Monday. Wilson, the odds of a US recession continue to increase, with the broker’s model showing a 36% probability in the next 12 months, while other warnings include rising jobless claims and falling job openings.
“It’s premature to believe inflation is going to come down quickly or the pressure has eased for the Federal Reserve and other central banks to tighten,” he said on Bloomberg TV.įor Morgan Stanley’s Michael J. While the slump in equities since the beginning of the year reflects investor expectations of a contraction in growth, “I don’t think a deep recession is being priced yet,” said Peter Oppenheimer, chief global equity strategist at Goldman Sachs.
Ghana Declares First Marburg Virus Disease Outbreak Stock Optimism Evaporates on Apple Hiring Plans: Markets Wrap This Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherĪ Goldman Legend, Crypto Star and Top Banker Warn of Next Big Risk (Bloomberg) - A rally in stock markets may prove to be short-lived as inflation pressures remain high and a recession seems increasingly likely, according to strategists at Morgan Stanley and Goldman Sachs Group Inc.