Jack Ablin
Jack Ablin
ground losing perspective pressure upgrade
The GDP upgrade could put more pressure on the Fed. At the same time, we're losing ground with the consumer... From the perspective of today's market, it's a one-two punch.
convinced heading slow
I'm not convinced we're heading into a recession. But we will have a slow down.
allow economic economists expecting federal gradual growth reserve wind
Economists are expecting a gradual slowdown in economic growth paired with a slowdown in inflation. That will allow the Federal Reserve to wind up its rate-hiking campaign.
believe clear conflict few holding issues market next pattern tied trend until
We can't believe any trend right now, until the issues tied to this conflict are resolved. Unfortunately, in this kind of market there's going to be no clear direction. We're going to be in this holding pattern for the next few weeks, at least.