The U.S. stock market officially entered a market correction recently with the S&P 500 down 20% from all-time highs. Here's a look at how investors have fared since the last recession in the U.S. What Happened: A recession is typically defined as an economic downturn that sees a fall in the GDP for two quarters in a row.
There's no question 2022 has been a brutal year so far for investors. Commonwealth's 2022 Midyear Market and Economic Outlook report focused on four primary economic drivers that will be key to stock market returns in the second half of the year.
The SPDR S&P 500 ETF Trust traded lower by 1% on Tuesday after the latest reading of consumer confidence suggests U.S. shoppers are taking notice of rising prices and falling stocks. What Happened: The Conference Board's consumer confidence index dropped from 103.2 in May to just 98.7 in June, missing economist expectations of 100.
Big U.S. banks' strong capital levels equip them to continue lending to households and businesses during a severe recession, the Federal Reserve has revealed. What Happened: All banks held capital above the minimum capital requirement even as they are expected to report an aggregate loss of $612 billion, the results of a Fed stress test showed on Thursday.
Financial Times in partnership with the Initiative on Global Markets at the University of Chicago's Booth School of Business expect the US economy to fall into a recession in 2023. Of those that expect the next US recession to begin next year, most predict the downturn to start in the first and second quarters.
Close on the heels of the Federal Reserve raising interest rates by 75 basis points, money manager and Ark Invest founder Cathie Wood came down hard on the central bank and also stated that the U.S. is already in a recession. Recession Has Set In: The U.S. economy went into a recession in the first quarter, Wood said on Sunday as part of a tweetstorm.
Several analysts and economists are anticipating a potential recession in 2023, but very few have turned as negative as Galaxy Digital Holdings Ltd CEO Mike Novogratz seemed to be during an interview with MarketWatch on Wednesday. What Happened: Novogratz warned investors that the economy is headed for a sharp downturn and suggested that a recession is impending.
In a post about a month ago, we wrote about Zoltan Pozsar's warning that the Fed's helicopters were going to be dropping "financial" napalm on the stock market. The NY Fed wunderkind-turned-Credit Suisse strategist on why the Fed's helicopters are dropping "financial napalm" this time.
The economy has given enough reasons for investors to fret. Recession Fear Building Up: The C-suite is looking to trim management jobs for the first time in a few years, the Loup Funds Managing Partner said citing a recruiter working with Fortune 500 companies. The analyst said he thinks fear is building among management teams about a potential slowdown.
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