Piper Sandler chief global economist Nancy Lazar warns people are too focused on a recession that feels like 2008, when it's more similar to volatility in 1973-74.
Strategic Wealth Partners CEO and president Mark Tepper claims President Biden is too busy 'popping champagne bottles' despite the economy 'softening' on 'Maria Bartiromo's Wallstreet.
"We think there will be a further stalling out in the second quarter and then an outright decline in the back half of the year," the economist explained. "Because you had, first, a global tightening cycle in 2021, the lagged effects of that hit the U.S. economy with our multinational economy. Second, oil prices surged in 2021, and third, bond yields rose significantly. So what slowed last year was those three metrics.
When it comes to the labor sector, Lazar pointed out "dark clouds" hovering over unemployment numbers. "That increase in December was quite interesting in the employment backdrop, unemployment rate still at 3.5%. It's telling us that the consumer does see some dark clouds on the horizon," she said. "They realize potentially they took their saving rate down way, way too far down below 3%, and now they're maybe getting a little bit more concerned."
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.
Why Wall Street analysts are still optimistic about Southwest - Dallas Business JournalSouthwest reported a $220 million loss for the fourth quarter and expects to take another loss in the first quarter as a result of its operations meltdown in December.
Read more »
Wall Street sends stocks to their highest levels since summerStocks closed higher on Wall Street Friday, establishing the market's third winning week of the last four and sending the S&P 500 index to its highest levels since summer.
Read more »
Why Wall Street analysts are still optimistic about Southwest - Dallas Business JournalSouthwest reported a $220 million loss for the fourth quarter and expects to take another loss in the first quarter as a result of its operations meltdown in December.
Read more »
These stocks reporting earnings this week usually top Wall Street estimates and rallyThere are plenty of stocks with a solid track record of beating earnings expectations and rising on results. Here are few on tap for next week.
Read more »
Top Wall Street analysts like these stocks for maximum returnsTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Meta and Alphabet
Read more »
Luxury Gets Top Dollar in Wall Street Rush to SafetyWall Street might not always appreciate the romance of fashion — but if investors are good at anything, it’s poring over the numbers as they figure out just where to put their money.
Read more »