Goldman List 20 Stocks That Could Thrive In The Recession

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by Tyler Durden
Wednesday, May 18, 2022 - 11:00 AM

After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fuelling elevated asset valuations and incentivising an enormous leveraged bet on risk, Daniel Lacalle warned yesterday that the idea of a controlled explosion or a “soft landing” is impossible.

His warning comes after Goldman inched towards a recession call by ratcheting down their GDP growth (and S&P 500) forecasts.

Amid global supply chain disruptions sparked by episodic lockdowns in China due to its ZeroCOVID policy, surging crude oil (and thus the entire energy complex and cost of doing anything) thanks to Putin's geopolitical chaos, and completely non-transitory inflation in the US driving The Fed towards its most hawkish bias in decades; the US equity market (and economy) have been roiled by macro events and nothing suggests things are set to get any better as hopes for a Fed Put are thrown out the window of the 'need to maintain credibility' car.