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If you didn’t catch last week’s Consumer Price Index data… I thought it would be bad but I did not see that coming…
In fact, I thought we’d have a rally if it was just mildly bad. But it came in at 8.6% year over year, far worse than projections of 8.3%, and the worst number in over four decades…
And the market’s been a bloodbath ever since.
In terms of inflation, this thing has really gotten out of control. I think we’ve reached a point of no return as far as avoiding a severe recession.
These are the worst conditions I’ve seen since 9/11 — it’s worse than 2008 because of the sheer speed that everything has fallen apart in our economy.
Markets go through cycles and economies bounce back. So, yes, the sun will rise again, but things right now aren’t good.
Bear markets last 12 to 18 months and we’re already about six months into it, so I see this lasting into the end of the year before smoothing out.
In fact, the Federal Reserve just started quantitative tightening last week. Check out my short video and let’s discuss how far behind the curve these guys are, and what we can do about it.
Are there any topics you’d like to see me cover or questions you’d like answered? Send me an email at firstname.lastname@example.org! And be sure to stay ahead of the markets by subscribing to our YouTube channel and our Instagram page for all of the latest!
P.S. Why You Shouldn’t Sit on the Sidelines for the Next 90 Days
A lot of folks are running for the hills right now… And with the economy in the dumpster, I can’t blame them.
However, I fully believe that if you sit on the sidelines over the next 90 days, you could miss out on something BIG!
Because a $1.5 trillion event is coming in September… And if you think my plan is about shorting the S&P 500… think again. It’s NOT about rushing into gold, commodities, bonds or crypto, either…
It’s all about a mathematical correlation between two stocks…
Where One Stock Wins, Another Loses