The Fed ushers in a new era of Quantitative Tightening and yet the market….has one of its best weeks in years?
Does that mean the worst is over and it’s safe to buy stocks again?
Not so fast, cautions investment advisor Lance Roberts.
This week’s strong rally is very likely forced short covering. It likely does NOT reflect an improved outlook for financial assets.
In fact, the indicators Lance monitors closely are warning a recession is approaching.
And the Federal Reserve’s planned campaign of (at least!) seven more rate hikes this year is likely to accelerate an economic slowdown.
To learn the details of what the data is telling Lance, as well as how he’s amending his portfolio allocation in response, watch this week’s Weekly Market Recap.