By now, it’s very well possible GDP has already slipped into reverse. We won’t know until the Commerce Department’s Q2 report is released in late July. In the interim, there’s an important question to be asked: Is a recession bullish or bearish for stocks?
The fact is the U.S. economy is traversing headlong into a recession at the worst possible time. We expect things will get especially ugly, as consumers are operating in a world of chaos…