We’re in a ‘vibecession,’ experts say. Here’s how to invest [Video]

The U.S. economy has remained remarkably strong.

Boosted by a strong labor market, the country has continued to expand since the Covid-19 pandemic, sidestepping earlier recessionary forecasts even after a series of Federal Reserve interest rate increases.

And yet, consumer sentiment recently sank to a six-month low.

That disconnect is what Joyce Chang, JPMorgan’s chair of global research, calls a “vibecession.”

“If you’re a homeowner or if you own financial assets, you’ve done very well, but you’re leaving out huge segments of the population,” Chang explained in a session during the CNBC Financial Advisor Summit on Wednesday.

“The wealth creation was concentrated amongst homeowners and upper-income brackets, but you probably have about one-third of the population that’s been left out of that — that’s why there’s such a disconnect,” Chang said.

On the flip side, the combination of higher interest …