HomeFinancial MarketsHow July Stocks Surprised Everyone For the Better

How July Stocks Surprised Everyone For the Better

Many finance experts looked gloomily at the prospect of their stocks at the start of July. However, the way things look now, they’re feeling a little bit better about things.

Indeed, July stocks truly shocked the finance world with a solid boom during a time when people were expected early indicators of a looming recession.

This is obviously great news, at least for now. But what’s the reason for this random uptick?

As 22V Research founder Dennis Debusschere explained plainly, “Odds of a deep recession eased last week as weak PMI data reinforced that 1) growth is slowing, 2) pricing pressures are coming down.

He went on to add that also prices are easing down, “the Fed can afford to be patient with data.” But he also warned that this doesn’t mean that a “policy pivot is coming this week”—rather that there isn’t much need for any policy changes made by the FOMC.

“Growth will continue to slow and the recession risks remain elevated, as evidenced by the further collapse in the 10yr-3 month curve over the past week. But, a deep recession should not be a base case yet, and the case for a slowdown/mild recession has improved.”

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