Presidential Hopeful Ramaswamy Predicts US Recession In 2024
Portfolio Pulse from AJ Fabino
Presidential candidate Vivek Ramaswamy predicts a US recession in 2024, based on historical indicators such as the inverted yield curve and current labor market conditions. He also highlights the impact of inflation, with goods being 16%-20% more expensive than in 2020. Ramaswamy is known in the biotech space, having founded Roivant Sciences (NASDAQ:ROIVW) and Myovant Sciences.
August 21, 2023 | 9:55 pm
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Ramaswamy's prediction of a 2024 recession could impact investor sentiment towards Roivant Sciences, potentially leading to increased market volatility for the company.
Ramaswamy's prediction of a recession could lead to increased market uncertainty and risk aversion, potentially impacting the stock price of companies he is associated with, such as Roivant Sciences. Investors may perceive this as a negative signal, leading to increased selling pressure on the stock.
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RELEVANCE 70