U.S. Recession Risk, Regulating Big Tech, and Stock Market Win Streak Worries 6/23/23

Treasury Secretary Janet Yellen says the risks of a U.S. recession are easing due to the resilient job market. UBS Global Wealth Management’s Mark Haefele discusses how this impacts his investing strategies. Plus, the EU’s Internal Market Commissioner is meeting with the CEOs of Tesla, Meta, OpenAI, and Nvidia today to discuss tech regulation. GlobalData’s Cyrus Mewawalla lays out the details. And, the S&P 500 and Nasdaq are poised to snap multi-week win streaks, which JPMorgan attributes to restrictive monetary policy. 2/13 Strategic Partners’ Greg Sarian closes out the final trading day of the week.