Major China Hedge Fund Expects Returns to Be Worse Than 2008
Shanghai Banxia said COVID, Ukraine, and Federal Reserve rate hikes would make this year harder for fund managers to get returns than 2008.
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Shanghai Banxia said COVID, Ukraine, and Federal Reserve rate hikes would make this year harder for fund managers to get returns than 2008.
"History suggests when the Fed is this late, the probability of a recession is uncomfortably high," the economist told CNBC on Thursday.
While many investors are bracing for a US recession, Evercore ISI believes strong corporate earnings will "carry the day" and stocks will rise.
Investors should proceed with caution and not get overconfident, says Morgan Stanley's Lisa Shalett
The CPI data will be the last one the Federal Reserve sees before its May meeting. It is expected to hike rates by 50 basis points at its meeting.