TipRanks
‘Impending Recession Will Be Shallow and Short’: Evercore Suggests 2 Stocks to Buy
As fears of high inflation and the threat of recession become the talk of the town, investors are turning to Wall Street experts for guidance, namely Julian Emanuel, Evercore ISI Chief Equity & Quantitative Strategist. Emanuel sees clues for an impending downturn, pointing out that the last market trough, this past fall, came before overall economic indicators turned south. In his words, “[No] bear market has ever bottomed before the recession started. So from that perspective, we don’t think Oc