US economy won’t fall into recession: Chief market strategist
LPL Financial chief market strategist Ryan Detrick discusses the markets ahead of the March core personal consumption expenditures.
LPL Financial chief market strategist Ryan Detrick joined "Mornings with Maria" Friday and said that the U.S. economy won’t fall into a recession. Detrick made these comments ahead of the release of the March core personal consumption expenditures report.
WHAT IS A RECESSION, AND SHOULD AMERICANS BE WORRIED?
RYAN DETRICK: If we have a recession, historically, that's not very good… If you fall into recession… the second half of the year can be bad. But we don't think we're going to… we're all going to talk next week about ‘selling May, go away’ the worst six months of the year. It is true the next six months are the worst on average.