The Dow Jones Industrial Average rebounded just a little more than halfway through the month of July after ending June back near its recent lows. The best Dow Jones stocks to buy and watch in July are Apple, Merck, Microsoft and UnitedHealth. Read More...
MarketWatch
PIMCO economist now sees multi-quarter contraction in real GDP this year in U.S. and developed markets
In a note released on Tuesday, Tiffany Wilding, a U.S. economist at bond giant PIMCO, wrote that “high frequency economic indicators have deteriorated, both in the U.S. and elsewhere” and “inflationary supply shocks have been more acute than originally expected.” She said that inflation is generally proving to be more persistent, “implying central banks may need to engineer recessions (not just a period of below trend growth) to restore price stability.” Turning to the near-term implications for
