If by the end of 2023 inflation is around 2.6% and unemployment is around 3.8%, then I'd hardly call this period a failure.
Typically the bulls take control of the markets now, and they continue to lead the way into the summer months. But It's just not happening.
Let's recap some of the main worries behind the selloff. Unfortunately, I think the trading action gets worse before it gets better.
One positive takeaway last week was the very low trading volume for Nasdaq-listed stocks in aggregate and for constituent names of the Nasdaq Composite.
Watch out for the stress in the financial system.
The Fed is running the same experiment over and over again expecting a different result.
Reduced global growth expectations amid war, inflation and supply chain issues should give investors pause.
It was what the St. Louis Fed President said regarding short-term rate targets that left the deepest impression.
China's economy grew 4.8% in Q1, but many China watchers say the numbers are getting increasingly unreliable.
Place a percentage on the likelihood of recession? It sounds more like someone trying harder to not get it wrong than trying to get it right.