Is the US Headed for a Recession?

After stellar economic growth in 2021, the US economy declined 1.4% in the first quarter of 2022 1. This was the first contraction of the economy since the beginning of the economic recovery in 2020. The S&P 500 is down 12.9%2 for the year through April 2022 and is off to its third-worst start in history. Bonds using the Bloomberg US Aggregate Bond Index, are also down -9.5%.

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