S&P 500 extends gains as economists warn of US recession
Updated
Updated · Zacks Investment Research · May 6
S&P 500 extends gains as economists warn of US recession
9 articles · Updated · Zacks Investment Research · May 6
The index rose 1.27% in five days and 11.46% in a month as WTI crude fell below $100 a barrel, down 11.19%, despite hostilities near the Strait of Hormuz.
Amrita Sen said markets were underpricing a global energy shock, while Gary Shilling called a US recession this year almost inevitable and warned the S&P 500 could drop as much as 30%.
With Washington-Tehran diplomacy stalled and no clear route to reopening the strait, oil remains headline-driven and volatile, leaving investors weighing defensive, diversified positioning against persistent inflation and growth risks.
Can a fragile Middle East peace deal truly avert a global recession fueled by a massive energy shock?
With stocks at highs while economists predict a 30% crash, are investors sleepwalking into a historic bull trap?