The worst earnings recession since 2008 may hit shares subsequent 12 months…Shares are vastly overpriced – Funding Watch

Completely agree.

I talked concerning the 3 indicators of a coming earnings recession right here:t.co/PM3J75GJk4

— Mosaic Asset (@MosaicAssetCo) December 21, 2022

Recession chance mannequin from ⁦@NewYorkFed⁩ has climbed past its 2020 peak (by slender margin) and is now at its highest since GFC pic.twitter.com/rHcl3dO19A

— Liz Ann Sonders (@LizAnnSonders) December 21, 2022

Housing market is collapsing. Yr-over-year, gross sales fell by 35%, the sixteenth month in a row of year-over-year declines. In comparison with the current free-money peak in October 2020, gross sales had been down 39%

Economists Place 70% Probability for US Recession in 2023

The chance of a downturn in 2023 climbed from 65% odds in November and is greater than double what it was six months in the past, in response to the newest Bloomberg month-to-month survey of economists. The ballot was carried out Dec. 12-16, with 38 economists responding concerning the likelihood of a recession.

The median estimates see gross home product averaging a paltry 0.3% subsequent 12 months, together with an annualized 0.7% decline within the second quarter and flat readings within the first and third quarters. Client spending, which accounts for about two-thirds of GDP, is projected to barely develop within the center half of the 12 months.

Mike Wilson, Morgan Stanley, compares 2022 to 2008. pic.twitter.com/xtwdWZG3xR

— RationalInvestor (@Orangeman1992) December 19, 2022

This 12 months’s bear market hasn’t even erased the good points from 2021. If shares are price extra now than they had been when charges had been zero, a stimmy-fuelled financial system dominated and company earnings had sturdy development forward, what does that suggest? 🤔 pic.twitter.com/zZFxajA9lA

— Wasteland Capital (@ecommerceshares) December 21, 2022

House gross sales tumbled greater than 7% in November, the tenth straight month of declines