A high percentage of people think the economy is early cycle versus still in a recession, which may be contributing to the buoying of stocks, Ed Harrison said during today’s Real Vision Daily Briefing.
Harrison is in agreement that the recession that began in February is over, but said he still thinks there’s a possibility of a W-shaped recovery, or double dip recession.
He discussed the hardest hit sectors, which include energy, hotels, resorts, cruise lines, airlines, industrials, and financials, and said that if the earnings we saw today are a harbinger of the future,