The healthcare industry has been the hot ticket over the past two years with the COVID-19 pandemic taking a toll worldwide, companies’ rush to develop vaccine candidates, and government initiatives to rollout vaccination programs and contain the virus’ spread. After a period of calm, U.S. health experts now expect another uptick in COVID-19 cases due to an emerging, highly contagious COVID omicron variant called BA.2. Furthermore, a top FDA official expects people may need another COVID booster shot this fall because the immunity from previous shots could wane.
Several Wall Street practitioners have been warning that a recession could be imminent, pointing to some recession signals. On Monday, the U.S. 5-year and 30-year Treasury yields inverted for the first time since 2006. This has been a reliable predictor of past recessions, raising fears of a possible forthcoming recession.
