While stocks (^DJI, ^IXIC, ^GSPC) are bouncing back after a three-day sell-off, Rosenberg Research founder and president David Rosenberg believes it is just ...
whether the US economy is on the brink of a recession.. He adds that the market"has become unhinged" over the last week as volatility has exploded. He notes that today's rebound is expected, saying,"You would get a technical bounce off the oversold levels that we had." However, he cautions against believing that the market is now out of the woods.
So, you know, from my perspective, um you know, you got the vic hitting 60 after, you know, a, a monumental decline over a couple of days and you would expect that, you know, you would get a technical bounce off the oversold levels that we had, but to make anything over and beyond that.The market was starting to look wobbly even before what happened yesterday or, or Friday.
You probably just heard us saying that it seems as though the consensus is coalescing around the idea that the economy is slowing but perhaps not into recession.So I if we are either already in a recession or rapidly approaching one, what is sort of the, um, engine of that recession if you will or what is the engine that is sputtering in the US economy?
Look at the information we got on Friday from the non-farm payrolls, we had flat uh factory employment, a big decline in hours worked and in overtime that transcended, you know what we're seeing uh out of the hurricane.Um But the elephant in the room always and everywhere is employment. Uh And so the fact that we don't have any more fiscal stimulus, uh, that the household savings file from the prior pandemic stimulus has run dry.
So I still think that the recession is, um, you can argue that it's not here just yet, but I, I think that it's not too far away.A cool room can lead to better sleep, and our tester slept sounder thanks to these cooling fans from brands like Dreo and Vornado.Chiefs players, coaches and staff get to try a new root beer barbecue sauce that could wind up on Zarda menus if they like it.
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