I’d Love To Change The World and a Conversation with Michael Kantrowitz of Piper Sandler
RiskReversal Pod
00:00
The Fed's Tightening Cycle and Employment
We haven't had an employment downturn in 16 years, starting since 2007. Find me a Fed tightening cycle where the NASDAQ's down 35% in 10 months without employment deteriorating. I think we have a similar backdrop on employment today because of that muscle memory or lack of muscle memory. Forward indicators of Europe's trajectory from here suggest there's another six to nine months of downside in those data.
Play episode from 01:00:23
Transcript
