Drew Matus on Recession Risk, Consumer Spending, and Market Volatility

Economic Outlook and Recession Expectations

• 💡 Drew Matus, Chief Market Strategist at MetLife Investment Management, maintains an expectation of a recession.
• ⚠️ He notes that volatility is likely to be a defining characteristic of the market going forward.

Consumer Behavior and Equity Market Impact

• 🧠 Upper-income consumers, heavily invested in the equity market, are impacted by market volatility, affecting their future consumption.
• 📉 Despite recent market upticks, consumers tend to have a longer memory of downturns, potentially leading to pullbacks in spending.
• 📌 The