Investors should cash in gains from the recent stock surge because a recession looms if the Fed doesn’t pivot, JPMorgan says

MarketsInsider/Matthew Fox/11-15-2022

cartoon image of man flipping a gold coin“In a Monday note, Kolanovic said that while cooler inflation is constructive for equity prices and increases the chances of a soft landing, the risk remains that the economy enters a full-blown recession if the Fed doesn’t quickly pivot away from its current rate-hiking cycle.”

USAGOLD note: And what are the prospects of a quick pivot? It is difficult to know who’s got it right and who’s got it wrong on future Fed policy and inflation, though the financial world does not lack for opinions on the subject. In the end, its a flip of the coin……

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