Monday, 22 July 2019

US economic data suggesting recession risk

The S&P 500 fell 1.2 percent last week as investors continued to watch for clues relating to a Federal Reserve interest rate cut at its monetary policy meeting later this month while also monitoring corporate earnings reports.

In the meantime, one of the more prominent bears is warning of a possible US economic recession.

Gluskin Sheff’s David Rosenberg told CNBC last Thursday that economic data are “certainly suggesting of a significant growth turndown right now in the U.S. economy”.

David Haggith at The Great Recession Blog lists several indicators suggesting that the US economy may be headed for a recession.

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