Worried about another recession? Here’s what the stock market is predicting for 2021

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Worried about another recession? Here’s what the stock market is predicting for 2021

But markets have since staged a stunning turnaround and reclaimed record highs, defying the doomsayers despite a backdrop of historic job losses, bankruptcies and shrinking corporate profits. The market was driven higher by Big Tech stocks as trillions of dollars in stimulus from the Federal Reserve and Congress propped up an economy gripped by recession.

Americans stressed about finances

When asked about the stock market, nearly a quarter (23%) of respondents said they are “terrified the market will crash and we’ll have another recession,” up from only 16% in 2019, according to Allianz Life. Another 25% said they are pessimistic about the markets and believe they will probably lose money in the near future.

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“There’s no doubt that there is great value in improving one’s health and wellness, but now more than ever, financial health needs to remain top of mind,” Johnson says. “Poor money management can negatively affect your health because of the stress that can be caused by fretting over impacted financial plans.”