Recession Storm Fears Reign Supreme As Stocks Gain Steam

Wade Slome, CFA profile picture
Wade Slome, CFA


  • A big contributing factor to the surge in inflation was the spike in consumer spending.
  • Healthy GDP growth, generationally low unemployment, and relatively stable earnings all point to a stable economy.
  • While the future always remains unclear, nobody knows for certain whether a recession will occur this year or if the 2022 bear market will endure into 2023.

Dollar symbol with a paper ship floating on sea

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Commentators continue to shout the doom-and-gloom forecasts of a hard landing recession, but after an economic hurricane in 2022, there are some signs the financial clouds have begun to lift this year. The stock market has reflected this positive


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This article was written by

Wade Slome, CFA profile picture
Wade W. Slome, CFA, CFP® is President and Founder of Sidoxia Capital Management, LLC and published author of How I Managed $20,000,000,000.00 by Age 32. In addition, Mr. Slome has been a media go-to resource as seen on CNBC and ABC News. He has also been quoted in the Wall Street Journal, USA Today, New York Times, Dow Jones, Investor's Business Daily, Bloomberg, Smart Money, among other media publications. Online, he is lead editor of the investment blog, and a contributing writer to Morningstar, and Wall St. Cheat Sheet. Bloomberg identified him as the second youngest manager among the largest 25 actively-managed U.S. mutual funds in 2005. Besides his work at Sidoxia, Mr. Slome is an instructor at the University of California, Irvine extension department, where he teaches the Advanced Stock Investment course. Wade Slome holds an MBA from Cornell University with an emphasis in Finance. He earned a B.A. in Economics from UCLA. In addition, he holds the credentials of CFA (Chartered Financial Analyst) and CFP® (Certified Financial Planner). Mr. Slome managed one of the ten largest growth funds in the country ($20 billion in assets under management) at American Century Investments, and currently manages a hedge fund in addition to separate customized accounts for a selective client base at his firm (Sidoxia Capital Management, LLC) in Newport Beach, California.

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