US Recession Calls Are ‘Very Premature,’ Says Wells Fargo’s Harvey

Bloomberg Markets and Finance published this video item, entitled “US Recession Calls Are ‘Very Premature,’ Says Wells Fargo’s Harvey” – below is their description.

Wells Fargo Securities Head of Equity Strategy Christopher Harvey says markets “got ahead of themselves” on predicting the timing of a US recession. “We came into this year saying there’s going to be a slowdown and that’s what you’re seeing,” Harvey says on Bloomberg Television. “But if you look at underlying fundamentals, a lot of cash and recession calls are very premature.”

Bloomberg Markets and Finance YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg Books #Ad

Recent from Bloomberg Markets and Finance:

Blanchflower on UK Economy, BOE Policy, Political Chaos

Blanchflower: US May Already Actually Be in Recession

Why 5 Straight BOE Rate Hikes Haven’t Helped the Pound

In This Story: Wells Fargo

Wells Fargo & Company ( NYSE:WFC ) is an American multinational financial services company with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices throughout the United States and internationally.

4 Recent Items: Wells Fargo

The bond market is telling you more than the stock market right now, says Wells Fargo’s Cronk

Wells Fargo’s Mike Mayo cuts banks estimates & targets

Tightening Hurts But It’s a Feature, Not a Bug: Schumacher

We’re seeing a huge decline in mortgage applications, says Wells Fargo’s Charles Scharf

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.

Posting....