I had a friend just tell me the FED wants a recession.
They will bring the market down.
That's the only way to stop inflation.
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The Fed has never deviated from that position, specifically after Jackson Hole
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agreed, im with you on the rally to 4100 but next yr id expect it to come down again. still in a bear market
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I though we have been in a recession. What is the new definition of recession?
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Don’t tell me you already are giving up on your year end rally?
What makes you think it’s over?
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The only way to fix inflation is by breaking the economy. I don’t think FED pivots until we see 1,000,000 layoffs per month for several months.
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You have to have a recession/major job loss to stop inflation. Biden’s spending is unprecedented. We are 4x flush with cash compared to the financial crisis bailout that fueled the market for 12 years. $15 living wage won’t even get a teenagers attention anymore.
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This has been true for a year but they’re being more open that there’s no other way to control inflation.
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