Despite Fed Backstop, Junk Bonds Still Face Big Trouble
The central bank’s much-touted help for high-yield is skimpy, in light of what nastiness lies ahead.
Tag: Recession
Coronavirus - COVID-19
Fitch Downgrades Outlook Again as Pandemic Worsens
Agency sees ‘deep global recession,’ says immediate hit will be worse than global financial crisis.
Asset Allocation
How Much Will US GDP Shrink This Year? Try 5.4%
That’s the harsh forecast from IHS Markit, one of the grimmest on Wall Street.
Coronavirus - COVID-19
Coronavirus Will Cause ‘Unprecedented Shock’ to Global Economy
Moody’s forecasts G20 economies’ GDP to contract 0.5% in 2020.
Coronavirus - COVID-19
S&P Global Forecasts Global Recession Due to Coronavirus
China is a barometer for what the rest of the world can expect in the downturn, firm says.
Coronavirus - COVID-19
Lock Down the US to Save It from Virus, Ackman Says
‘Hell is coming,’ the activist investor admonishes, calling for more stringent measures while the nation reels economically.
Coronavirus - COVID-19
And Now, the Case for a 2020 Recession
IHS Markit sees one hitting in the second quarter and lasting to year-end.
Market Moves
Shiller: A Recession Is ‘Highly Likely’ Due to Virus Panic
Dwindling business activity is worrisome, and market slide isn’t over, Yale prof warns.
Regulation
Washington State Treasurer Says Keep Hands Off Windfall
Predicting a $1.1 billion surplus, finance chief asks lawmakers to let him channel the money to a rainy day fund.
Market Moves
Trump Is No. 2 Earnings Grower Among Post-WWII Presidents
His 13.4% yearly corporate profit increase, admittedly over just three years, is bested only by Obama’s 26% over eight, CFRA’s Stovall finds.
Asset Allocation
Meketa Shares Its Biggest Concerns for 2020
Slowing global economic growth, China’s economic rebalancing, and European uncertainty top the consultancy’s list.
Here’s Why Stocks Seem Set for a Mediocre 2020, if Not Worse
A so-so economy, low earnings growth, an un-inverted yield curve, and a stand-pat Fed are part of the mix for a ho-hum year.
Asset Allocation
Look Out, Volatility May Be Making a Comeback
Why? The era of low VIX readings has lasted longer than normal, and there’s the unending trade war.
Research
Sure, US Manufacturing Is in a Recession, but So What?
Capital Group economist Franz, harking back to 2015-16's mini-recession, says industrials won’t bring down the rest of the economy.
News
Yellen: Risks of a Recession Are Rising
Former Fed head says central bank's rate cuts and the trade war worry her.