September 11, 2018

Big Bank Says Recession is Most Likely in 50 Years!

So we are now well on our way into the month of September. As I mentioned in last week’s post, we have entered the two wackiest months of the year. At least they are in my opinion. Now to add to that, this week we had a major bank come out and say we are at the highest probability of a recession in 50 years. The notion is due to momentum growth, stock valuations, unemployment and the possibility of an inverted yield curve. Now, I’m not one to counter the great minds at the behemoth bank, but I find the likelihood of a recession as the transports hit new highs to be slim. Financial Intelligence Training students know the importance of the sector, amongst others, and how they may help gauge stock market strength or weakness. Join me from the picturesque Laguna Beach as we discuss this and more.

Be sure to follow me on Twitter @ Al Abaroa.

about the author:

Al Abaroa

Al Abaroa began his career on an equity desk in 1993. He carries with him over two decades of experience as a Financial Advisor, and currently serves as Wealth Management Coach at Prosper Trading Academy.

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