Today Market July 2022

[hanera]

28 days ago…

@hanera

Market wants to get over the rate hikes, the faster Fed hits 3.4%, the better. Market now expect Fed to up rate by 0.75 to 1% in Jul. destroy all demand and restart in double quick time. Don’t do a slow death aka softish landing.

Do Fed listen? I think BG is correct, just jump by 1.25% to 1.75% in Jul.

Inflation is more scary than recession. Inflation affects everybody. Recession affects a smaller group of people.