Why JPMorgan and PIMCO are Preparing for a Potential Recession

The Beavis Wealth Podcast

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In this episode, PIMCO and JPMorgan share their perspectives on recession risks. PIMCO shifts its focus to foreign bonds due to U.S. fiscal concerns, while JPMorgan raises the U.S. recession odds to 35% by year-end, citing a weakening labor market and expected Fed rate cuts.

Also in this episode:

📝 Toronto home sales drop despite interest rate cuts, with inventory levels at their highest since the financial crisis.

📈 Canada's rent growth slows, with significant increases in Halifax and Prairie cities but declines in Ontario and B.C.

🚗 Gig economy companies like Uber and DoorDash show strong growth, contrasting with tech earnings slumps.

Thank you to Harvest ETFs for supporting this video.
Learn more about the Harvest Industrial Leaders Income ETF: https://harvestportfolios.com/etf/hind/
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