"Economists Forecast Recession Worries Receding Amid Political Tensions"

Stocks reached new record highs as worries of a recession in 2024 have receded, with banks like Deutsche Bank and Societe Generale retracting their recession forecasts due to better-than-expected economic reports. While debt delinquency rates have been rising, the absolute levels of most metrics suggest the economy continues to be generally good, indicating a bullish "Goldilocks" soft landing scenario where inflation cools to manageable levels without the economy sinking into recession. Despite the elevated risk of a recession, consumers and businesses remain in a strong financial position, and long-term investors should keep in mind that downturns are part of the stock market's long-term outlook.