Atlanta Fed Slashes Q2 GDP Forecast To Zero Confirming Technical Recession Tyler Durden's Photo BY TYLER DURDEN THURSDAY, JUN 16, 2022 - 12:26 AM Curious why stocks are soaring today ahead of an expected 75bps rate-hike by The Fed (further tightening financial conditions as QT starts shrinking the Fed's balance sheet)?
The answer comes courtesy of the Atlanta Fed which just confirmed the economy is in technical recession.
After a week of rampant jawboning to adjust the market's expectation for The Fed's actions later today (after last Friday's unexpected resurgence in CPI), the continued erosion in economic data (most notably retail sales this morning) has prompted The Atlanta Fed to slash its forecast for Q2 GDP growth from +0.9% to 0.0%, meaning the US is now right on the verge of a technical recession (after Q1's contraction).
Aiyo Amboi oldman your "see you at KLCI 13XX soon" prediction was wrong a few months back. KLCI shot up to 16XX, GenB shot up to 5.34. A lot of fellow Genting comrades huat and sold off already, now slowly getting back in.
Of course eventually KLCI will see 13XX. Bear market mah. A dead clock is also correct twice a day right? BTW it seems that "outside window" performing even worse relative to KLCI. Unless you have the foresight to short the "outside window" market..... but you have been encouraging people here to buy the "outside window" market.
The only best… Is to Wait Wait and Wait. Hand cuff your hands. Why? Market will tell you when to buy??? And follow Water Buffalo to riches. Believe in Water Buffalo, like olden days.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DestinyL
4,746 posts
Posted by DestinyL > 2022-06-16 13:33 | Report Abuse
Fresh comment! I like it!