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Investing.com -- BCA Research downgraded equities to underweight in a note Monday, warning that the U.S. economy is likely to slide into recession due to policy uncertainty and weakening consumer sentiment.
âIt increasingly appears as if [the] near-term disruptions, coupled with tariff uncertainty, will help induce a recession,â BCA wrote.
The firm pointed to the Department of Government Efficiencyâs (DOGE) recent policies, arguing that while their long-term impact remains uncer...
>>> Read more: BCA downgrades equities to underweight as US is heading towards recession
âIt increasingly appears as if [the] near-term disruptions, coupled with tariff uncertainty, will help induce a recession,â BCA wrote.
The firm pointed to the Department of Government Efficiencyâs (DOGE) recent policies, arguing that while their long-term impact remains uncer...
>>> Read more: BCA downgrades equities to underweight as US is heading towards recession
