The Bank Drama Is Playing Out in the Capital Markets

The growing chorus of Wall Street Bears are again kind of calling for a recession. JP Morgan says two thirds of their global economists are expecting a recession this year or next and credit Suisse saying it's now more negative. Moody's also expecting a mild recession sometime in early 2024. You're probably going to have rolling kind of movement among sectors depending on where you think valuation is going to be for the next couple quarters.