Wall Street

A U.S. Recession Remains Unlikely

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In hisDaily Market Notes report to investors, while commenting on a recession, Louis Navellier wrote: Unlikely U.S. RecessionAnother huge late rally out of the red on Friday continued into early trading today. The market continues to seek a firm bottom in the strong downward trend, with the Dow now on the worst losing streak since 1923. Naysayers point to the VIX not being able to stay above 30 for long as a lack of a sign of capitulation. Credit spreads are also not reflecting fears of a serious economic slowdown and fixed income new issuance remains firm. Q1 2022 hedge fund letters, conferen…

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