2020 Recession Concerns Premature, Says Ryan Sweet

July 26, 2019 – The stock market moved higher this week in anticipation of Fed rate cuts which could be coming as soon as next week. Mario Draghi also hinted at potential rate cuts, sending the euro down by week's end. Cris Sheridan joins the program to tell us what moved the markets. Ari Wald of Oppenheimer and Co. says the dollar heading higher isn't good news for commodities. Then Ryan Sweet of Moody's Analytics explains why a 2020 recession seems premature. In the Big Picture, Jim Puplava and Chris Preitauer discuss the downside of Fed rate cuts and explain how lower rates may actually do more harm than good.

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