‘This Is a Recession Trade’: Stocks, Yields, Oil All Decline
- ‘There is no other way of describing it’: Neil Dutta
- He does clarify the US economy is not currently in a recession
This article is for subscribers only.
As US equities start the week coming off their worst first half since 1970, there’s only one way of describing how they are moving, according to Neil Dutta.
“This is a recession trade,” the head of economics at Renaissance Macro Research said. “There is no other way of describing it.”