John W Banagan / Investing
- Investors are overlooking info in earnings reports that suggest a recession is ahead, a BNY Mellon analyst said.
- That means they should be preparing for more market turbulence, after this year's rally reversed course.
- "The big takeaway is the speed with which we've seen downward revisions," Jake Jolly told Bloomberg TV.
Stock investors should get ready for a bumpy ride ahead, as they're overlooking some warning signs of recession in this season's earnings reports, according to a BNY Mellon investment chief.