MacroVoices #361 Alex Gurevich: Jay Powell says, “Effects of tightening not yet felt.” Alex says, “No shit, Jay.”
Macro Voices
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Is There a Tailwind to Stock Market?
If I had to belong stock market, my personal stance is somewhat cautious on stock markets. The background of quantitative tightening for as long as it goes will probably put some pressure on earnings and on growth. So the outlook is improving, but that's an outlook for two years from now. A lot of bottoms can be hit between now and then. If you really love something, you want to own it. But I would not stretch right now with the rally personally.
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