Markets are confused over the odds of a U.S. recession, and "somebody has got it wrong," according to hedge fund manager David Neuhauser.
Except I think that [the] forward path — are we going to see things start to fall off a cliff?
Or are we going to, sort of, glide path down and corporate earnings are going to be sheltered from the storm?"
"That's the thing, I think, people don't have a really good understanding of today, but they're believing that that's going to happen — that's the narrative."
"When you look at the oil … and you look at the gold market, that's telling you recession is in the front," he said.
Persons:
David Neuhauser, Nonfarm payrolls, Neuhauser, Brent, I'm
Organizations:
Livermore Partners, CNBC, Treasury, CNBC PRO
Locations:
U.S, China