Closing Bell Overtime: The Road Ahead for Risk 11/4/22
Closing Bell
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Is That Your Base Case, Recession?
I think that we have potentially 20% more room in the S&P 500 before this recession is over as the recession comes. I do expect that the Fed's policy at this point is recession. Instead of a downside scenario, that's what we need to expect because in order to bring inflation lower, they're going to have to keep rates high or at least restrictive for longer. That's a story that leads to significant volatility for the equity markets.
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