It’s a very challenging & confusing time for investors as there are several standoffs happening right now & it’s uncertain which parties will emerge victorious.
For starters, the market clearly doesn’t believe Jerome Powell’s resolution to hold the Federal Funds rate above 5% for the rest of the year. It’s currently predicting a Fed pivot by summer.
On top of that, the market has been in rally mode & is now trying to confirm the recent bullish breakout. But nearly all of the recent macro data shows a weakening economy.
Which outcomes are more likely to prevail?
To help us tackle the probabilities, we’re fortunate to welcome macro analyst and interviewer extraordinaire Grant Williams back to the program.