JPMorgan’s CEO, Jamie Dimon, is warning about an economic “hurricane.”
Elon Musk has a “super bad feeling” about the economy and is cutting 10 per cent of Tesla’s workforce.
Blackrock’s CEO,Larry Fink, believes inflation will remain elevated for years to come.
And Microsoft reduced its earnings forecast slightly due to a stronger U.S. dollar.
Or is that the software company’s code for something else management sees coming?
There’s no shortage of pessimism out there.
But is this pessimism warranted?
The truth about the economy and the direction for stocks must lie somewhere in a grey, middle area.
In our latest conversation with John O’Connell, Chairman, CEO & CIO of Davis Rea Investment Counsel, we examine rampant investor and consumer pessimism, and what stocks need for this sour sentiment to resolve itself.