Still seems very speculative given the news that the US is now technically in a recession based on the 2nd straight quarter of decline in GDP. The Biden administration is still painting an “all is well” narrative given the recent decrease in fuel prices at the pump, combined with relatively strong employment numbers. Lower gas prices will help cool inflation, which the FED likely took into account in the .75 vs 1.0 rate increase decision. Although I’d like to agree with the “blue skies ahead” analogy, I’d say it’s the outlook is “mostly sunny with a chance of isolated thunderstorms ⛈”
Totally agree with your input Rick, and It's my bad for not being clearer on the timeframe here. Blue skies ahead for a relief rally, but as Powell said, the FED is now purely data dependent for its next hikes. That creates a very uncertain and volatile environment. Isolated thunderstorms are definitely around the corner. Thanks for reading and sharing.
Still seems very speculative given the news that the US is now technically in a recession based on the 2nd straight quarter of decline in GDP. The Biden administration is still painting an “all is well” narrative given the recent decrease in fuel prices at the pump, combined with relatively strong employment numbers. Lower gas prices will help cool inflation, which the FED likely took into account in the .75 vs 1.0 rate increase decision. Although I’d like to agree with the “blue skies ahead” analogy, I’d say it’s the outlook is “mostly sunny with a chance of isolated thunderstorms ⛈”
Totally agree with your input Rick, and It's my bad for not being clearer on the timeframe here. Blue skies ahead for a relief rally, but as Powell said, the FED is now purely data dependent for its next hikes. That creates a very uncertain and volatile environment. Isolated thunderstorms are definitely around the corner. Thanks for reading and sharing.