Recession comments from giant fund managers

Although US fund managers cannot reach a consensus on the possibility of a recession, according to JPMorgan modeling, the S&P 500 index indicates a 92 percent probability of a recession. This rate was around 51 percent in August. The leaders of US-based giant funds express different views on the recession. Duquesne Family Office founder and famous investor Stan Druckenmiller stated that he expects a recession in 2023 and predicts a stagnant market for the next 10 years following the recession. Speaking at CNBC's Delivering Alpha conference in New York, Druckenmiller said, "I would be very surprised if we don't see a recession in 2023." Stating that the Fed should have ended its quantitative easing long ago, Drucken Miller said, "Free money and bond buying leads to bad decisions." Citadel Founder Ken Griffin made a less pessimistic prediction than Druckenmiller at the same conference. Griffin, who noted that he was very focused on the possibility of a recession, nevertheless emphasized that stock markets are showing resilience, along with a healthy labor market and strong consumer sentiment.