Has the Risk of Recession Lessened?

(7/17/23) Markets are doing what they do: Can Earnings live up to expectations, going forward? Inflation (as measured) is coming down, but prices paid have not. There is competing data: Optimism vs Pessimism. Earnings results are not as important as what companies are saying about forward outlooks. Are Regional Banks in trouble? Has the risk of Recession lessened? If markets price-in recession, it won't happen; conversely, when it's not expected... That's how contrarian investing works. Tax Receipts are economic indicators, and they're not looking good. Looking at leading economic indicators in normal business cycles; the economy can slow only so much before oscillating to the upside. Look beneath the surface of media headlines, expect a pullback and buy into it. Outcomes are functions of choices, but no one wants to take responsibility for them. Example: Europeans are becoming poorer because of policy decisions over past few decades; the good and proper use of debt; non-productive debt is a wase of money. What's happening in the EU now will follow to the US: Political policies matter.

3:09 - Can Earnings Live Up to Expectations?
14:33 - Tax Receipts as Economic Indicator: Has Recession Risk Lessened?
30:30 - The Economy Can Slow Only so Much Before Oscillating
44:26 - Outcomes are Functions of Choices

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA
Produced by Brent Clanton, Executive Producer
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The End of an Era for Stocks, Warns the Fed
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