CNBC Stock Blog
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
- Expect Tech Sector to Rise in Q4: Strategist
- Expect a 5-10% Market Pullback: Stock Picker
- 3 Stock Picks for This Volatile Environment: Portfolio Manager
- 3 Financial Stocks May Lead Final Rally: Market Researcher
- Gold's 'Money' Value is $4,000 to $11,000: Market Strategist
- Commercial Real Estate Bottom Near: Market Pro
MOST SHARED
- Wall Street Finds Profits by Reducing Mortgages
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- What if a Recovery Is All in Your Head?
- Kraft Weighs Higher Cadbury Bid as Rivals Circle
- China Industrial Bank Eyes $2.64 Billion Rights Issue
- China Should Stop Property Stimulus Now: Central Bank
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- U.S. Stocks Slip, Dollar Rises
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Wave of Debt Payments Facing US Government
- US Job Losses to Bottom out Next Quarter: NABE
- Little Sign of Inflation on the Horizon: IMF
- Kraft Weighs Higher Cadbury Bid as Rivals Circle
- MBS Program Should be Extended: Fed's Bullard
- JPMorgan's Dimon Could Succeed Geithner: Report
- Wall Street Finds Profits by Reducing Mortgages
- Warren Buffett, Bill Gates 'Walk & Talk' At Columbia
- Microsoft, News Corp Weigh Online News Pact
RSS FEED
Text Size 
CNBC News Associate
The recession has hit a trough and we're past the worst month, said David Kelly, chief market strategist at JPMorgan Funds.
“Economists measure recession from the best months to the worst months—And we are past the worst month,” Kelly told CNBC.
“The worst month was June, and in July we’re going to see increase in industrial products and retail sales. I think the recovery will be reasonably fast in the first two quarters.”
The House approved a $2 billion extension of the "Cash-for-Clunkers" automobile sales incentive program on Friday. Kelly said the revival of the auto industry is one of the “hallmarks” of the economic recovery.
“[Vehicle sales] also feeds all the way through the production line and all the industries, all the car industries running ads on TV, all these things add to economic output,” he said. “So if you can get vehicles back to normal, if you can get housing back to normal in terms of sales and starts, the recession would clearly be over.”
Disclosure:
No immediate information was available for Kelly or his firm.
______________________________
CNBC Slideshows:
______________________________
______________________________
CNBC's Companies in the News:
Apple [AAPL
Loading...
()
]
IPhone Hacker Vulnerability Fixed, Apple Says
AIG Still Showing Significant Weakness Even After Rescue
UBS Reaches Accord With US on Tax Evasion Case
JC Penney [JCP
Loading...
()
]
JC Penney Makes Manhattan Debut
Ford Motor [F
Loading...
()
]
Ford Slows Down Volvo Bidding Process: Report
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes