Want to create an interactive transcript for this episode?
Podcast: Money Life with Chuck Jaffe
Episode: Recession risk is elevated, raising prospects of a deeper market decline
Description: Thomas Samuelson, chief investment officer at Vineyard Global Advisors in Denver says that last week's inflation news and other current conditions have increased the potential for recession, and he notes that the historical decline for a bear market with a recession is 35 percent, which will have the market testing June lows and likely going deeper, potentially dropping the Standard & Poor's 500 to the 3,000 to 3,200 range. In The Danger Zone, David Trainer of New Constructs singles out Affirm Holdings, a buy now, pay later shop that has seen its stock price fall from roughly $175 to under $25 in the last year as...