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Podcast: Money Life with Chuck Jaffe
Episode: Schwab study: Traders see a recession - and opportunities -- right now
Description: Barry Metzger, managing director of trading and education at Charles Schwab, says that the firm's latest trader sentiment survey shows that nearly 60% of traders feel like the United States is already in a recession or will be in one by the end of the year, with nearly that entire group believing that the economic slowdown will last less than one year. These traders -- investors who make 80 or more transactions in a year, but not part of the day-trading community -- are largely bearish, but believe there are opportunities in energy, health care and consumer staples. They are rotating t...