3D/L: Into the Frying Pan as Markets Anticipate End of Central Bank Tightening
If the consumer keeps spending and businesses don’t enact wholesale layoffs in the face of a slowdown, then we could skate by the current malaise.
If the consumer keeps spending and businesses don’t enact wholesale layoffs in the face of a slowdown, then we could skate by the current malaise.
Retirees are particularly scared, with inflation pinching budgets at the same time as portfolio values struggle. The impact is confidence-sapping.
Diesel fuel has not declined as much as gasoline recently so that keeps inflationary pressure in the supply chain for the transportation of all types.
Performance metrics widely used today were created in the late 1960s and early 1970s. The market has changed. Do the benchmarks need revision as well?
We are believers in money as a commodity and, much like any other commodity, its value is dependent on supply and demand. Easy money is over.
Much of the world continues to move past the COVID pandemic, but its economic and policy effects remain top of mind as a new set of questions emerge.
Starting around mid-2020, some market participants were suffering from FOMO. Now there's just one letter for the mood and it stands for "fear."