Pipe down naysayers, there just isn't one thing in play for a debilitating U.S. recession that would crush the stock market.
Forex expert Douglas Borthwick of Chapdelaine & Co. says recessions are a concept of volatility, and there's very little in the way of that right now. Borthwick says the lack of volatility is because central banks are very involved in both economies and the markets.
"For us to really see movement in the economy in terms of large negatives or big positives, you really have to wait until the Federal Reserve's balance sheet is rolled off," Borthwick told TheStreet in an interview.
Borthwick said such a hawkish move by the Federal Reserve may be seven years down the road.
What's Hot on TheStreet
Alibaba lit things up: After a monster run in its stock on the heels of a bullish investor day, Alibaba (BABA) founder Jack Ma saw his net wealth rise $8.5 billion to $41.8 billion. He is Asia's richest man, according to the Bloomberg Billionaires Index.
Why not stay long this tech stock, momentum lives on: Chip-maker Nvidia (NVDA) is the best-performing S&P 500 component this quarter. The stock is up a robust 54% in June as Wall Street has become even more bullish on the company's prospects.
ROBOTS: There really isn't any additional information needed on this one. Softbank Corp. (SFTBY) has struck a deal to pick up Alphabet's (GOOGL) robot-maker Boston Dynamics. TheStreet shows you inside of five seconds what Boston Dynamics does -- it's really cool stuff.
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Editor's Pick: Originally published June 7.