'Somebody has it wrong' on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
Publishing timestamp: 2023-12-11 07:20:43
Summary
The article discusses the confusion in the markets regarding the risk of a recession hitting the U.S. Hedge fund manager David Neuhauser suggests that someone has it wrong in their assessment of the situation. Falling oil prices and rising gold prices indicate recessionary fears, but 10-year Treasury yields have jumped, suggesting hopes of a soft landing. Neuhauser points out weaknesses in the U.S. consumer and global economy, as well as stubbornly high inflation numbers in some countries. He mentions the uncertainty of whether the economy will fall off a cliff or have a gradual decline, and questions whether corporate earnings will be sheltered from the storm. The article also mentions the conflicting signals from the oil and gas markets, which indicate a recession, and analysts and economists who suggest a soft landing is approaching. Overall, the article highlights the uncertainty and confusion in the markets regarding the risk of a recession.
Sentiment: MIXED
Keywords: ice brent crude (apr'23), breaking news: politics, u.s. economy, politics, breaking news: economy, gold / us dollar spot, economic events, u.s. 10 year treasury, breaking news: markets, business news, united states, economy, markets, world economy,