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Zacks' Blank: Risk of recession and a market correction are both way up

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Manage episode 506920187 series 2562870
Content provided by Money Life with Chuck Jaffe and Chuck Jaffe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money Life with Chuck Jaffe and Chuck Jaffe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

John Blank, chief investment strategist and chief economist at Zacks Investment Research, says the conditions are increasingly bringing back the spectre of a recession, with the odds of a protracted economic slowdown now standing at about 50 percent. Moreover, he doesn't believe that the widely anticipated interest rate cuts from the Federal Reserve today will really do anything to alter that course. Blank says that the recession could trigger a stock market sell-off that could cut valuations by more than 40 percent, though he does not think that any such decline will be long-lived.

Allison Hadley discusses research she did for NC Solutions which showed that 73% of Americans say little treats are crucial to quality of life; as a result, they're spending an average of $360 a year on $5 indulgences like chocolate, coffee, and candles.

Scott Bennett, founder of Invest With Rules brings his trend-following methodology to the Market Call, where he helps to prove the adage that "disagreement makes a market" by coming to the opposite conclusion on a stock covered by John Dorfman of Dorfman Value on yesterday's show.

  continue reading

1894 episodes

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Manage episode 506920187 series 2562870
Content provided by Money Life with Chuck Jaffe and Chuck Jaffe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money Life with Chuck Jaffe and Chuck Jaffe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

John Blank, chief investment strategist and chief economist at Zacks Investment Research, says the conditions are increasingly bringing back the spectre of a recession, with the odds of a protracted economic slowdown now standing at about 50 percent. Moreover, he doesn't believe that the widely anticipated interest rate cuts from the Federal Reserve today will really do anything to alter that course. Blank says that the recession could trigger a stock market sell-off that could cut valuations by more than 40 percent, though he does not think that any such decline will be long-lived.

Allison Hadley discusses research she did for NC Solutions which showed that 73% of Americans say little treats are crucial to quality of life; as a result, they're spending an average of $360 a year on $5 indulgences like chocolate, coffee, and candles.

Scott Bennett, founder of Invest With Rules brings his trend-following methodology to the Market Call, where he helps to prove the adage that "disagreement makes a market" by coming to the opposite conclusion on a stock covered by John Dorfman of Dorfman Value on yesterday's show.

  continue reading

1894 episodes

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