Impending Recession Threatens Stock Markets and Investors' Confidence.
TL;DR Summary
Chris Watling, CEO of Longview Economics, has warned that a recession is coming and investors should prepare for pain in the stock market. He cited the "brutally bad" leading economic indicators and the typical timeline for a recession after the inversion of the Treasury yield curve. The IMF, however, has suggested that the US economy could avoid a recession due to the recent strength of the labor market and consumer spending. Watling also believes that earnings expectations are "way too optimistic" and the stock market will have to contend with the normalization of profit margins and pricing in a recession.
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