Four reasons why the january rally will falter
Inflation is supposedly on its way to falling gently back to 2% like a fluffy snowflake while the US economy roars ahead. Or at least that is what the deep state of Wall Street needs you to think.
However, the US economy is in the eye of the hurricane right now; and the other outer eye wall is approaching as the storm is intensifying. Hence, the following are the four reasons why the January rally will fail.So, what is the setup now? The bottom line is that the US economy should be in recession by the second half of 2023. This flips upside down the widely held belief that the 1st half of this year would be weak, but the second half would see a strong rebound in stocks and GDP.
Of course, this will eventually lead to a genuine Fed pivot, but it will come in response to an equity market crash and credit market freeze…not ahead of one. Unfortunately, this means Powell will pivot before inflation has been dead and buried, which in turn means the next inflationary cycle will dwarf the previous 40-year-high battle fought in 2022-23.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
THINKING OUT LOUD: Four women judge appointees, progress not news | SaltWireNova Scotia professor emeritus of law talks gender parity in the courts
Read more »
WGC says central bank gold demand hit an all-time high in 2022Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »
Stocks go gaga; gold's (foreseen) falling sagaKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
A triple whammy for gold: what now?Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Strong China demand boosts gold rallyKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Gold price to hold the line at $1,800 but investors will have to weigh the costs as real rates remain positive - CIBCKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »