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A U.S. recession would be ‘good news’ for markets, strategist says

A U.S. recession would be 'good news' for markets, strategist says

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. 

Michael M. Santiago | Getty Images

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.

U.S. consumer price inflation eased to 4.9% year on year in April, its lowest annual pace since April 2021. Markets took the new data…


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