The market still isn’t priced for a proper recession

Despite signals from the economy and US Federal Reserve, stock markets are hoping against hope that there’s no recession (AFP) — Despite signals from the economy and US Federal Reserve, stock markets are hoping against hope that there’s no recession (AFP)

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4 min read . Updated: 24 Sep 2022, 09:12 AM IST James Mackintosh, The Wall Street Journal

Markets are doing what they always do, hoping against hope that there’s no recession, or at least a very mild one, right up to the last minute

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The stock market is almost always late to wake up to the threat of recession, but it’s increasingly hard to miss the warnings from the Federal Reserve. Not only might there be a recession, but the Fed has no intention of stepping in to save investors this time.

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