In a wobbly stock market, Phil Camporeale, a portfolio manager at JPMorgan Chase & Co., is betting the US will avoid a recession. Rising interest rates are the “number one culprit this year for the volatility and the chaos” seen in the market, said Camporeale, a portfolio manager for JP Morgan Asset Management’s global allocation […]
By Chester Tay Malaysia’s economy expanded at a faster-than-expected pace in the first quarter, driven by consumption activities amid a recovery in labor market conditions. The economy grew 5.0% from a year earlier, Malaysia’s central bank said Friday. In the fourth quarter, the trade-and-transit hub’s gross domestic product climbed 3.6%, buoyed by easing pandemic restrictions […]
A so-called hard landing of the US economy is not going to happen. It’s a false fear. We may have a bumpy landing, but the odds of hard landing — a possible recession — are low for the reasons below. If I am right, it confirms what extremely negative sentiment is already telling us: Stocks […]