4 No-Brainer Stocks to Buy if the U.S. Dips Into a Recession
This has been one of the most-challenging years on record for Wall Street and investors. The widely followed S&P 500 turned in its worst first-half to a year in over a half-century, and the growth-driven Nasdaq Composite shed close to a third of its value since the year began. Both the S&P 500 and Nasdaq find themselves firmly entrenched in a bear market.
To make matters worse, there's the real likelihood that the U.S. is near, or has already entered, a recession. First-quarter gross domestic product (GDP) came in at a final reading of negative-1.6%, while the Atlanta Federal Reserve's GDPNow estimate for the second quarter has deteriorated to negative-1.5%. If the Atlanta Fed's GDP estimate proves accurate, two consecutive quarters of negative GDP growth would indicate a U.S. recession is already in place.
Image source: Getty Images.
Source Fool.com
