Reported 2 months ago
A mystery investor, revealed to be Northwestern Mutual Wealth Management, made headlines with a record $2.7 billion investment into BlackRock’s long-dated Treasury Bond ETF. The firm's Chief Investment Officer, Brent Schutte, now believes that the anticipated recession driven by a cooling labor market is nearing. Schutte noted the increasing unemployment rate and a 35% likelihood of a recession occurring this year as factors contributing to his outlook.
Source: YAHOO