The latest economic guessing game these days is predicting when the next recession will occur in the U.S.
Last week, I had the opportunity to attend a mid-year market outlook conference at Charles Schwab headquarters in San Francisco. There were four panelists; two from the equity side and two from the bond side of the investment world. Liz Ann Sonders, the Chief Investment Strategist for Schwab, was on the equity ‘team’. All four panelists agreed on two major themes; the global economy continues to slow down, and that a recession starting in early 2020 is a very likely possibility.