A potential recession is on the horizon, according to an April 25 report from Bloomberg that followed a warning from Morgan Stanley strategists that the S&P 500 will “drop sharply” this year.
Investors are looking to to find financial havens after a steep market drop on April 22 stoked fears of a recession, with news of weak economic data, worsening lockdowns in China, and a more aggressive tightening policy by the Federal Reserve in May.
