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Some experts say a recession is coming. Here’s how to prepare your portfolio

2022-07-03 09:40:25       source:CNBC

July 2, 2022

Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming. 

The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20% year to date. The Dow Jones Industrial Average and Nasdaq Composite are also down significantly since the beginning of 2022, dropping more than 15% and nearly 30%, respectively.

Meanwhile, consumer feelings about the economy have plummeted, according to the University of Michigan’s closely-watched Survey of Consumers, measuring a 14.4% decline in June and a record low for the report.

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