Tom Essaye discusses market complacency with Yahoo Finance
Tom Essaye discusses market complacency with Yahoo Finance
Is Wall Street too complacent on recession risk?
Yahoo Finance Senior Reporter Ines Ferre and Sevens Research Report founder Tom Essaye chat with Yahoo Finance Executive Editor Brian Sozzi about the survey results.
I think that yes, the market is a bit too complacent on recession risks. Not because I think a recession is imminent. It’s just because the market’s so complacent towards it, right? Now, I get why. The labor market, which is really the key, is still very strong and I think if you’re going to get a contraction in growth, you have to see the labor market deteriorate. But there are headwinds on this economy and there have been headwinds for a long time.
It doesn’t mean that we’re going to suddenly collapse, but we could see growth continue to grow. You know, we’re back at basically the all-time highs and we’re in the middle of a war, private credit concerns, AI anxiety, and growth is slowing a bit. So I just think everybody should sort of think about that from a valuation standpoint. We’re priced for, you know, close to perfection right now.
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