4th July 2022

  • Long, Moderate and Painful: What Next US Recession May Look Like

US lacks buildup of leverage that preceded past deep downturns

But Fed may not ride to rescue, given its inflation mission

https://blinks.bloomberg.com/news/stories/REEDQXDWRGG0

  • JPMorgan Cuts US GDP Forecasts ‘Perilously Close’ to Recession

Bank sees second-quarter growth at 1%, down from 2.5% estimate

Atlanta Fed’s GDPNow tracker shows contraction in period

https://blinks.bloomberg.com/news/stories/RECZDKT1UM0W

  • Many Major Economies to Hit Recession in Next Year, Nomura Says

EU, UK, Japan, Korea, Australia, Canada all seen contracting

Says central banks will err on side of too much tightening

https://blinks.bloomberg.com/news/stories/REH0Z4DWRGG1

  • Bond Holders Look to Recession for Salvation After Vicious Half

Yields have pulled back as economic contraction risks increase

Data on jobs and wages will be focus in holiday-shortened week

https://blinks.bloomberg.com/news/stories/RE8SBXT0G1KX

CLICK HERE TO READ THE FULL ARTICLE

For more information please contact Rubrics Asset Management. info@rubricsam.com.