Sun., Oct. 30, 10:50 AM - 11:10 AM EDT
Too Much Pessimism or Not Enough?
The US economy seems to be heading into a recession, while inflation remains high. As of mid-2022, the S&P 500 had given back all its gains since the start of 2021. It's hard to be an optimist under the circumstances. Indeed, during June, one measure of consumer sentiment fell to the lowest on record starting in 1952. Also in June, Investors Intelligence Bull/Bear Ratio was the lowest it has been since the bottom of the bear market during the Great Financial Crisis. Might there be too much pessimism? The past year has been like living through the stagflationary 1970s, but on fast forward. However, a mild recession could help to bring inflation down sooner rather than later, setting the stage for recovery with gains to be had again in the bond and stock market. Dr. Ed Yardeni will provide a balanced discussion of what could go right and what could go wrong over the rest of this year, as well as the rest of this decade.