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Today, The Weekly Buzzing Stocks by Billy Kawasaki and The Panic-Proof Portfolio (Stockchase Research) commented about whether PSK.TO, TS, VOD, ING, NVDA, K, AMZN are stocks to buy or sell.
If you go back a year ago, the world was coming to an end, it was disaster. Meanwhile, the S&P is up 22%. What the experts missed was the common sense part, which was that production was really constrained, and demand was far outstripping it. That's not the environment for a recession, and we're still in that. There are still shortages out there, but they're getting better.
If there's an inventory-type recession, it will probably be 9-18 months from now, when production finally catches up to demand and we start to see excess ordering work itself through the system. Other than that, the day we declare a recession the market will take off, because we'll be in a recovery.