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In 2022, Berezin also correctly called that there would be no US recession, despite most on the Street bracing for one. He's been an economist for more than 30 years, with stints at the International Monetary Fund (IMF), Goldman Sachs, and now BCA Research.
U.S. stocks rose following an encouraging report that showed inflation unexpectedly slowed across the country last month.
Wall Street was on track to open with losses as the initial euphoria over the 90-day truce in the U.S.-China trade war faded.
The drop in the VIX from April 10 to March 12 was one of only four times the gauge has fallen from a level above 40 to below 20 in under 100 days.
Wall Street's three major indexes rose sharply on Monday with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war,
5don MSN
U.S. stocks drifted to a mixed finish as Wall Street and other financial markets wait for a highly anticipated meeting on Saturday between China and the United States on trade.
Stocks have been roaring back since the S&P 500 fell nearly 20 percent below its record last month on hopes that President Donald Trump will ease his stiff tariffs on trading partners worldwide before they create a recession and send inflation spiking higher.
A US recession could arrive as soon as this summer ... Donald Trump might want to take back blaming Joe Biden for the stock market. Wall Street is doing quite well again. Getting laid off from ...
Wall Street dipped on Thursday as elation from the U.S.-China tariff truce faded for major indexes, while UnitedHealth's stock took a pummeling after a report of a DOJ fraud inquiry into the insurer.