📑 Research Notes for 2023-01-16
This week, we look an equity market not pricing in recession risks, the World Bank slashing global GDP forecasts, white collar jobs at risk, and the case for bonds right now.
We conduct extensive investment research and share the most interesting content that we come across every week. Here is a curated list of this week’s top observations.
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Morgan Stanley Warns US Stocks Risk 22% Slump.
Investors should look to sell the S&P 500 at 3,900 ahead of what's likely to be another weak earnings season, showcasing poor profitability and the introduction of 2023 guidance, according to Morgan Stanley's Mike Wilson. US equities face much sharper declines than many pessimists expect with the specter of recession likely to compound their biggest annual slump since the global financial crisis, according to Morgan Stanley strategists.
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World Bank Slashes GDP Forecast.
Concerns of a global recession continue to play out. The World Bank is slashing its global growth forecast again, warning of recession as surging inflation and aggressive central bank tightening take their toll.
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A White-Collar Recession? Why Layoffs Are Hitting Professional Workers.
As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first.
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Pimco: There's a Strong Case for Investing in Bonds.
There's "a strong case for investing in bonds" as a recession looms this year, fixed-income investing giant Pacific Investment Management Co. says in a new report.
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Last Week’s Market Performance Heatmap
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Curated by Joseph Lu, CFA®
Joseph is the founder and a managing director of Conscious Capital Advisors, as well as a CFA® Charterholder.
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The information presented in this newsletter is for educational purposes only and is not a solicitation or recommendation for any specific security, product, service, or investment strategy.
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