Strategist Warns of Looming 'Severe Recession' in 2024 Amid Job Market Weakness, Overextended Stock Rally
• The US could fall into a "severe recession" in early 2024, according to strategist Paul Dietrich • The stock market's over 20% rally this year could signal an impending economic contraction • Job openings have fallen recently and unemployment claims have been steadily rising • Continuing jobless claims briefly rose to 1.93 million last month - "recessionary levels" • Dietrich To think we won't see a bear market recession after 13 years of bull market is to "believe this time is different"