Investors’ sentiments plunged amid bank failures and recession worries. Given the macroeconomic headwinds, I think CRISPR Therapeutics AG (CRSP), First Majestic Silver Corp. (AG), and McEwen Mining Inc. (MUX) might be best avoided, and in this article, I’ll explain why.
The weak retail sales data for March is another cause for concern in the US economy. Sales fell more than expected in March, with consumers particularly holding back on big-ticket item purchases.
This decline in retail sales has extended the pattern seen in February and may indicate that consumer spending, a significant driver of economic growth, is slowing down.
However, despite economic uncertainties, major banks of the country exceeded expectations, aided by a rise in interest rates. Additionally, the banks provided optimistic forecasts for future net interest income.
Also, JPMorgan Chase CEO Jamie Dimon suggests that investors and businesses should prepare for…
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