Fidelity fund manager just issued a recession message
Yahoo Finance·2026-01-30 06:03
Markets are worrying over recession risks despite surging GDP because a "low hiring, low firing" market is taking a toll on consumer sentiment, but Fidelity fund manager Lars Schuster, an institutional portfolio manager with Fidelity’s Strategic Advisers, just sent a reassuring message. While job losses and layoffs are in the news, and consumers are wrestling with sticky inflation that's put the Fed back on pause, Schuster doesn't think the AI bubble will burst in 2026, rejecting comparisons to the Intern ...