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?
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