The Summer Recession – Are We There Yet?

While there is no doubt that the U.S. economy will eventually enter a recession, it is important to keep in mind that recessions are not one size fits all and vary greatly in depth and duration. For example, we wrote an article in June of 2020 titled, “Shortest Recession In U.S. History.” We were correct in that assessment as the recession lasted roughly two months as the economy and the markets powered through the impact of the global pandemic. Expansions and recessions are the nature of the business cycle and a part of the journey, not a destination. With the recent equity market declines and other global issues in mind, many investors are wondering if the U.S. has entered into another recessionary phase of the business cycle and what the potential market impacts might be.