According to Yahoo Finance, JP Morgan’s Chief Economist has downgraded US GDP forecast by 2023. Recession imminent? I’m holding Cash!


JP Morgan’s chief economist has downgraded his forecast to 1.6% in 2023 (down from 2.2%), making a recession likely.

Without this news, I think a recession is likely given the supply chain issues, inflation, geopolitical issues and the amount of debt in circulation.

Presently, I don’t think cash is trash. I’m definitely holding on to more cash than what I would normally hold, given the discounts I’m seeing in the market. We’ve had 5 straight weekly declines of the S&P500 (and probably more to come), I just think cash is king at the moment. I’m looking to take advantage, and treading lightly to say the least!!

Thoughts?


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *