Recession Concerns Rising – Weekly Update
May 23, 2022 | By Steven DiGregorio
Trending Lower Stock prices remained in a downtrend, capped by a sell-off on Wednesday following a succession of disappointing earnings reports from several major retailers. Despite solid April retail sales and industrial production data, weak economic numbers from China and shrinking profit margins at U.S. retailers fanned recession fears throughout the week. Rising yields, which […] READ MORE