Early last year, it was common knowledge that we were about to enter a recession. In fact, many in the media were calling it the most anticipated recession ever. Despite the certainty, we’re still in an economic expansion, and now many prominent economists, including those in the Fed and Treasury, are saying a recession is no longer in the cards.
That certainly sounds like good news, particularly when you consider that past recessions have generally been accompanied by stock market downturns. However, we’re not so sure we’re out of the woods.