A top strategist explains how stocks could sink more than 25% in a recession - and warns markets are underestimating a key risk 'that can change on a dime'
, and stocks could dive later this year if a recession sets in, according to SoFi's head of investment strategy, Liz Young.
Even before the bank turmoil hit, Young said she had anticipated some form of stress to show up in the economy, given the amount of liquidity that the had Fed drained and the increase in borrowing costs. The ensuing bank failures marked a symptom of the Fed's policy choices. Meanwhile, Young pointed out, during the Great Financial Crisis 15 years ago, stocks plunged 58% from peak to trough.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sean Kelly and Loyola showcase their talent in sweep over rival Mira CostaSean Kelly and Loyola get the better of Tread Rosenthal and Mira Costa in a dominant 25-14, 25-19, 25-19 rivalry win.
Read more »
25-year-old killed in central Pa. shooting: policeA 'known suspect' was at the scene and is cooperating with the investigation, police said, but no arrests have been announced.
Read more »
Miami County man pleads guilty to 25 charges of child exploitation, pornographyKegan Kline changed his plea to guilty of all 25 counts against him inside the Miami County Courthouse on Thursday. He will be sentenced in May.
Read more »
Mexico: Banxico raises rates by 25 basis points to 11.25% as expectedThe Bank of Mexico raised it key interest rate by 25 basis points as expected, to 11.25%. That represents the smallest rate hike since November 2021.
Read more »
25 celebrity-loved Alo Yoga styles to shop in 2023: Leggings, moreWith so many A-list devotees, it just might be easier to name a star who hasn’t worn the brand’s leggings, sports bras and sweats.
Read more »