The Song Remains the Same with Alfonso Peccatiello of The Macro Compass
RiskReversal Pod
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The Fed's Preference for Recession Timing
Last year, the 25% decline that we saw was based on the belief that we would have a slowdown in growth. A recessionary bear market is usually beyond 30%. I believe the average is actually 44%. So if we do confirm a recession and a classic recession where cyclicals get hit, growth slows down, it resets the business cycle. Inflation is taken care of. We probably do need to see a little bit further drawdown in stocks.
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