July Investment Perspectives

Recession possibilities, the credit cycle and its phases, and expectations for equities.

In this month's issue:

Can the U.S. Avert a Recession? - Mark Luschini

A key issue for the stock market is whether a recession is inevitable, or will the Federal Reserve engineer a proverbial soft landing for the economy.

Certainly, there is a chance for a soft landing—a slower, but still positive, pace of growth that helps tame inflation. However, among many things, investors are concerned about further troubles for equity markets if the economy contracts and corporate profits suffer.

A Truncated Credit Cycle - Guy LeBas

The credit cycle is a financial market term for an inexorable feature of human nature. As investors, we get depressed, optimistic, euphoric, and depressed again. Nowhere is that more obvious than in the swiftness of market developments that have come to pass halfway through 2022.

It's All in the Numbers - Greg Drahuschak 

The June Investment Perspectives ended by suggesting continued negative sentiment and oversold conditions might be enough to give the market an additional boost in June. A break on volume below the mid-May S&P 500 low (3,810.32), however, would prompt concern about a potentially deeper decline.

You can read the full Investment Perspectives here.


The information herein is for informative purposes only and in no event should be construed as a representation by us or as an offer to sell, or solicitation of an offer to buy any securities. The factual information given herein is taken from sources that we believe to be reliable, but is not guaranteed by us as to accuracy or completeness. Charts and graphs are provided for illustrative purposes. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, financial situation or needs of individual investors.

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