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Market Volatility
Perspectives on the next recession
Jared Franz
Economist
Joyce Gordon
Equity Portfolio Manager
Darrell Spence
Economist
March 15, 2019

When will the next U.S. recession hit, and what will trigger it? Here to provide answers — as well as insights from past recessions — are economists Darrell Spence and Jared Franz and portfolio manager Joyce Gordon.


Jared Franz is an economist with 18 years of investment industry experience (as of 12/31/2023). He holds a PhD in economics from the University of Illinois at Chicago and a bachelor’s degree in mathematics from Northwestern University.

Joyce Gordon is an equity portfolio manager at Capital Group with 41 years of investment experience as of 12/31/21. She holds an MBA and a bachelor’s in business finance from the University of Southern California.

Darrell R. Spence covers the United States as an economist and has 31 years of investment industry experience (as of 12/31/2023). He holds a bachelor’s degree in economics from Occidental College. He also holds the Chartered Financial Analyst® designation and is a member of the National Association for Business Economics.

Learn more about
Market Volatility
Asset Allocation
Risk
U.S. Equities

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