CNBC's "Last Call" cover image

Investors Fear the Worst is Yet to Come, While Biden Stays Bullish 5/1/23

CNBC's "Last Call"

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The Risks of a Recession in the Equity Market

The equity market is trading on a P.E. of 18, and it's only down 12% from the tie. Jase: It definitely seems like the risk is to the downside in equities. The things that I would look to for sure, on a relative value perspective, I would look at credit. We're not getting anything out of private equity; we're not seeing anything in real estate.

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