JPMorgan's recession outlook: Here's what to know

Bruce Kasman, JPMorgan chief economist and managing director, joins 'Squawk Box' to discuss the state of the economy, the likelihood of a U.S. or global recession, the Fed's inflation fight, and more.

[@Cynthia-mm1cv]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

[@VanChuong-on2gh]

If you lack knowledge about market investing tactics, get advice from a financial counselor.

[@RolandWingo]

Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.

[@TommyChong677]

I could really use the expertise of this advsors.

[@RolandWingo]

Yes my go to person is a 'LUCIA ALICIA CRUZ'(heart) So easy and compassionate Lady. You should take a look at her work

[@TommyChong677]

.Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@Aron-r3m]

With the recent tumbling in market, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

[@Mosley-vu7ff]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession-influenced market, but to the best of my knowledge, it was through an F.A

[@Garrett-lo6pu]

Yeah, brokerage AdvisoRs could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of investors raking in 6 to 7 digits in a space of months. So, I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and the least I returned was $140k ROI, and this does not include capital gain.

[@Lisa-w4u]

I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.

[@Garrett-lo6pu]

Jenienne Miniter Fagan is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Muller-o4d]

I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

[@hullbruce]

I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?

[@Angelavaldess]

Research dividend aristocrats and choose six to ten companies with over 25 years of dividend payments. Consider working with a financial advisor to build a strong portfolio.

[@Higuannn]

@@Angelavaldess You're right, I and a few Neighbors in Bel Air Area work with such advisor who prefers we DCA instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

[@Higuannn]

You're right, I and a few Neighbors in Bel Air Area work with such advisor who prefers we DCA instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

[@hullbruce]

@@Higuannn I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?

[@Higuannn]

@@hullbruce I work with the popular Sharon Crump Cline. Who happens to be a is a hot topic among financial elitist in The US. Especially for her works during Covid. All the information you need to set up an appointment is on her web page

[@Kaustavpatell]

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

[@Jamesjerome0]

Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but its hard to bite the bullet and do it.

[@kurtKking]

The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market

[@donovantobs]

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

[@kurtKking]

Her name is. 'GRISELDA ELENA JEMMOTT’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@donovantobs]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@jameswood9772]

The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.

[@johnlennon232]

Navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position

[@williamyejun8508]

No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.

[@chris-pj7rk]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@williamyejun8508]

My CFA ’Rachel Sarah Parrish’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@chris-pj7rk]

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@Reuben-w5f]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@mayalucia-]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

[@ZainabYusuf-n7k]

Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@vikas-y7h]

To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.

[@ZainabYusuf-n7k]

I dont know if you are confortable trying finacial advisors recommended on comment sections but well, ‘’Svetlana Sarkisian Chowdhury ‘’ is the licensed advisor I use. you can Just search the name. You’d find necessary details to work with to set up an appointment.

[@ChrisAdams-f1u]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@ervinmurray1253]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy. Meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[@IsabelleMarie-m1g]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

[@ErinWarner-zc9jy]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

[@DanielOrstein]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@ErinWarner-zc9jy]

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@Robbertskypes]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@dulce-w9g]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio. .

[@lucetta-v7v]

There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist

[@cairo-g9g]

I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders

[@cairo-g9g]

NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@nt007]

Always invest in quality stocks/ETFs for long term and always buy. 😊

[@off-roadingexplained8417]

Robin Hood is doing 5% on savings... If you don't think you're going to do better than 5% in a recession then maybe it's something to think about. I don't know.

[@thndr_strck_999]

lmao the guy in the back

[@seano79]

It doesn't matter what their outlook is. Next week someone at jp morgan will say the complete opposite.

[@harsharip]

Lol of all, no one can predict a recession

[@jimbojimbo6873]

Ofcourse they will, JPmorgan is made of individuals with their own views and predictions

[@rickhayes-oh2zm]

quantitative is a fancy word for inflation

[@Cynthia-mm1cv]

Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.

[@josephjacobs6616]

How about Government 35 trillion debt ??

[@donacantillo]

Japan has more debt. Look it up.

[@josephjacobs6616]

@@donacantillo yeah you’re right as a % of GDP they’re at 270% but pretty soon our biggest expense on the federal budget will be just the interest payment . So that means 2 things coming down the road : higher taxes for everyone and deep budget cuts . We got maybe 10 more years of kicking this can down the road and screwing over our children and grandchildren. The next recession drawdown will make 2008 look like chump change .

[@redfisher5378]

@@donacantillowhat’s your point? Tallest midget contest?

[@hongkong128]

I think JPMorgan has 35% right on that.

[@MattDamon1-v3b]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Wiezorek.

[@KathyHelen1]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@DavidTiffany-y5p]

She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

[@GeorgeDecker-y5p]

You trade with Victoria Wiezorek too? Wow that woman has been a blessing to me and my family.

[@MaxwellTaylor1]

I'm new at this, please how can I reach her?

[@HerbertPowell-c9p]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@chrisadams27]

Funny I can remember JP Morgan saying 80% chance of recession the last year they don't know

[@user-zu9nq8ph5b]

Did you know that there were no economic crises in the USSR? Read about the crisis of overproduction that is inevitable under capitalism and how socialism solves it. You'll understand why

[@SigFigNewton]

@@user-zu9nq8ph5bor read about famines that have resulted from… top down control of what farmers produce rather than letting farmers produce what the market has been demanding

[@bobbyward2440]

Most major banks dont see a recession coming. Looking back at old articles you will see that the majority of banks have positive outlooks for the economy when in hindsight the NBER backdates the recession to when they were saying the exonomy was good

[@stackchn]

Main St is already in recession paying its 29% credit cards 💳, $700 car 🚙 payments and 🏡 housing costs up 30% since '19. The debt bubble is bursting...

[@snwbm]

62% of Americans own a home. Their costs aren't going up. 51% of Americans never have any credit card debt. 60% of Americans don't have a car loan. You are describing a problem that always affects the bottom 35% The top 65% locked in a low mortgage, has savings making the highest interest in 20 years, and has their house and retirement accounts hitting new high valuations. Try to be in the 65% and not the bottom 35%........

[@samanthagaboo5610]

It's more than 35% chance... People have been looking for jobs for months and months and months. The problem is once you've been out of work 6 months we no longer count as unemployed. I'm at month 4.

[@RaniVeluNachar-kx4lu]

I have been praying for a Normalizing of Interest rates since February of 2021. Like Larry Sommers, I felt that the Fed was too slow in Normalizing rates. And sure enough, so did the Fed...eventually. in fact about 9 months later. So let's Slowly Normalize Rates but 100 BP's? I am probably ok with a 50 basis points cut in November. And maybe another 25 Basis Points next year May. That is not too much or too little. Just right.

[@chuyenpham3336]

Thanks

[@JameyLane]

I'm at 27.5%. Seriously.

[@SigFigNewton]

Bro, find a potion! You gotta get that health bar up

[@soniajames-tn4mp]

Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

[@rapp-in1mz]

I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA

[@HenryKatty]

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

[@soniajames-tn4mp]

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

[@rapp-in1mz]

"Nicole Anastasia Plumlee" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@soniajames-tn4mp]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@RaniVeluNachar-kx4lu]

My question to Mr. Gut Feeling is Mr. Guts let's shorten his name, "What should the Key Fed Funds Rate be now?" But before that I would ask him "What is current Fed Funds Rate?" Let's see if he knows that accurately? See he may have a gut feeling, but does he know any facts? Then how fast and how much would President Guts lower rates? Or would he raise them further? And of course that often forgotten Federal Reserve Balance Sheet, let's ask him about that too. How much of these destressed bonds and financial instruments are currently on the Federal Reserve Balance Sheet? And how would you adjust that composition of the Federal Reserves' Balance Sheet? And how fast would he make that change? The current federal funds rate is 5.25-5.50% $8.19 trillion As of August 14, 2023, the Federal Reserve balance sheet was at $8.19 trillion, bank reserve balances were at $3.22 trillion, and ON RRP facility take-up was at $1.79 trillion. The value of the balance sheet of the Federal Reserve has increased significantly overall since 2007, when it stood at roughly 0.9 trillion U.S. dollars. As of July 26, 2023, the Federal Reserve had roughly 8.24 trillion U.S. dollars of assets on its balance sheet. In the latest QE round, the Fed’s balance sheet more than doubled from $4.3 trillion in March 2020 to $8.9 trillion in May 20223. See? This is probably not a Guts Feeling sort of thing. Especially from a Business man that has more than his share of Bankrupt Businesses. Do you really want someone with TRUMPS level of Fraud in charge of the Federal Reserve Operations and balance sheet? It' would be like putting El Chapo in charge of the US Depart. of Drug Enforcement. Maybe Trump would like to do that too? He has some very well thought out ideas, this guy, Mr. Guts Feelings. He is so smart. I can't want for him to open his mouth more. Every day is like Christmas. TRUMPS just keeps giving us more and more idiocy and hate and bigotry and sexism and racism and elitism. I just can't thank him enough. Life would certainly be boring without TRUMPS and Elon that is for sure. Maybe in the next cycle. Elon can run with TRUMPS?

[@badbattleaxe5832]

Mckesson stock is down 11% in one day. Keep an eye on it if it goes down below $538 Buy it! I love when people panic and sell it all allows me to scoop things up for cheap. I suggest you guys do the same.

[@SimonTemplarDude]

So what you're saying is.... There's a chance

[@off-roadingexplained8417]

Exactly...

[@36CatsHeavenRescue]

I used to go to subway and pay 56.00 for 5 people now it’s 120.00😂 Most people can’t afford to live anymore.the homeless in the town next to me look like the walking dead at night. Behind the super market there’s like 30 of them hanging out like a gang in the dark. It’s crazy!

[@BrandonRichards21]

Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies to invest this year.

[@MaryLawson874]

I guess it's important to reassess your investment strategies based on current market conditions. You should also consider a market expert to guide you.

[@AlfredStephen127]

@@MaryLawson874 Having the correct plan in place is crucial; my portfolio is well-suited to each season of the market and recently experienced a 100% increase from early last year. My CFP and I are working on a 7-figure target, albeit this could take until Q4 2024.

[@Jamesrobert627]

@@AlfredStephen127 could you share more info please on the advisor that guides you could you share more info please on the advisor that guides you

[@AlfredStephen127]

@@Jamesrobert627 just research the name Claire Robert’s Durand . You’d find necessary details to work with a correspondence to set up an appointment.

[@Jamesrobert627]

@@AlfredStephen127 thanks you for sharing.. I must say, Claire Robert’s Durand appears to be well knowledgeable, just came across her consulting page and went through her resume, very impressive!

[@SausageBausage]

The govt should put money into the electrical grid

[@MiguelNunya]

Its the 5397 world nothing changes just the faces

[@mountainmanlife]

Those that voted for Biden and are going to vote for Kamala, this is your fault hands down! Enjoy! 😂

[@Drsultan.9]

0:31 wow so smart how did you do it without being math wiz

[@SigFigNewton]

They increased their r odds by 40%. And he’s eager to downplay that

[@ZDoko-rv7zj]

When Jamie Dimon showed up to a business roundtable with Donald Trump I lost all confidence in their ability to make smart businesses decisions. Sell your JPM stock and get your money out of their bank.

[@ElCapitan472]

The big short

[@user-ol7tl1vf5m]

Bitcoin’s performance demonstrates that genuine prosperity and financial freedom are attainable only through decentralized systems. Having left centralized systems like Wall Street eight years ago, it’s worth asking: How are users of those centralized systems faring? How is traditional financial advice holding up? And how effective are influencers on platforms like KZbin? Remember, the tortoise often wins the race.

[@jomo4435]

Haha no one really knows....best guesses are theories

[@nickrook5519]

One word Ðoge

[@amybusch9253]

So much talk about the Republicans and how they are the party of a sound economy and fears of Democrats and a recession.... Far more recessions happen under a Republican administration. Live like a Republican VOTE FOR A DEMOCRAT!

[@dirkx2350]

🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡

[@BrianDarcy-1331]

When is the EU going to switch their currency to the dollar???

[@eljefe5858]

Never. That was the worst scenario during Covid. The Euro only will disappear and each country will return to their currencies previous EU

[@SigFigNewton]

That would hurt US stocks if it happens

[@BrianDarcy-1331]

@@SigFigNewton And why is that exactly? I figured it would be good as it limits counterfeiting

[@FURIAfdx]

NICE GOLD PUMPNIG. CLASSIC JP METAL MARKECT MANIPOLTION. HOW IS GLOBAL ECONOMY BASE IN THIS RIGGED AND MANIPOLATED CONCEPT?

[@user-zu9nq8ph5b]

Did you know that there were no economic crises in the USSR? Read about the crisis of overproduction that is inevitable under capitalism and how socialism solves it. You'll understand why