• Banks hope to shake off concerns over a global recession in earnings

    9 days ago - By ETF Daily News

    From Brian Cheung : The large-cap banks will kick off the first earnings season of 2019 next week, and their biggest challenge will be fending off concerns about a looming recession.
    Bank stocks had a tough 2018, mostly because investors have concerns about being exposed to financials if a recession cripples the industry with loan losses. With the post-crisis recovery now in its 10th year, warning signals - such as the Fed easing on its monetary policy and slight deterioration in credit quality - are starting to flash.
    Shares of Morgan Stanley , Wells Fargo , Citigroup , Goldman Sachs...
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  • A Wall Street strategist says the next recession will be a lot like the 2001 collapse - here's why that might not be such a bad thing

    A Wall Street strategist says the next recession will be a lot like the 2001 collapse - here's why that might not be such a bad thing

    9 days ago - By Business Insider

    Investors are markedly more bearish than they were a year ago and are bracing for a recession as soon as next year.
    According to Erik Ristuben, the global chief investment strategist at Russell Investments, the next recession will resemble the 2001 meltdown, which should actually be a relief to investors.
    Like it or not, the US economy is hurtling towards its next recession .
    Anyone who's been following recent developments in the stock market, international trade, and China's economy - just to name a few factors - understands why financial pros are markedly more bearish now than they were...
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