Description
The European Central Bank and Bank of England followed the Federal Reserve in raising interest rates another 50 basis points this morning. Meanwhile, U.S. retail sales fell 0.6% and two regional measures of U.S. manufacturing activity slipped, as consumers and producers alike feel the brunt of a contracting economy. Stocks are considerably lower on the day, with the NASDAQ down 3.75% as of this writing. On today’s show, Andreas Steno Larsen is joined by Tom Thornton, the founder of Hedge Fund Telemetry, to discuss what’s driving the latest selloff and how he’s positioning for 2023. Plus, we’ll hear from Dr. Anas Alhajji, a partner at Energy Outlook Advisors, on the difference between buying energy and buying stock of energy companies. Watch the entire Interview here: https://rvtv.io/3huD0ec.
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