Bullish? No recession?
The current rate-cutting cycle by the Fed is noticeably distinct from those in the past.
Typically, the Fed has cut rates during a period of declining earnings, but presently, we appear to be experiencing an earnings recovery.
Bullish? No recession?
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Q: Are we on the brink of a recession and bearmarket? Or are we going for a blow off top? Is QE coming back?
A: The Sahm Rule is a very specific indicator that has to be considered, the deterioration in the job market is there.
We have to be prepared for a recession.
You know my top target at 6, for now I’m doubtful about the 58.
The economic indicators this week will be decisive.
https://x.com/SmartReversals/status/1840380064510165473
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