I Can See Clearly Now, The FED Is Wrong & A Conversation With Helima Croft
RiskReversal Pod
00:00
Is 5% Unemployment a Good Thing for Equity Markets in 2023?
Danny Cevallos: If the Fed finally gets their wish and they see unemployment tick up so some people are suggesting now where do they want to see it go to guy you and I just had a discussion 5% probably doesn't stay there for too long because Danny at that point the Fed probably pivots or at least they kind of figure out how to take the rate down. He says this S&P down 17-18 percent it was up what 28-29 percent last year with dividends whatever does not encapsulate what has gone on in the economy here globally but we're going to be struggling with early in 2023 he says. The average recession is about 12 to 18 months long
Play episode from 13:30
Transcript
