June's Live Market Update with CIO, Scott Mitchell
Description
"There’s a great deal of fear around a recession, and I think that there is a better than average chance of a mild recession next year. The definition of a recession is 2 consecutive quarters of US economic contraction, so it’s not the sort of thing you can know about until after you’re in it. The economy has to balance growth and inflation. Push growth too high, and eventually, inflation will get too high, too. Like with driving a car, this trade-off works well for short periods of time. But if you keep the pedal down too long, adding too much fuel, then the engine (or in this case, the economy) will overheat. A recession often occurs after this overheating, which in turn lets the economic engine cool off and can reset growth and inflation expectations."
Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the June 2022 Market Update.
United States
