In Q1, investors could do no wrong.
Making money was easy as almost every asset class rose to new highs as markets anticipated coming interest rate cuts from.
But here at the start of Q2, things are starting to feel a lot less safe. Suddenly stock prices are plateauing, and services inflation plus a swiftly rising oil price are quickly dashing hopes of rate cuts anytime soon.
Will the markets offer a bumpier ride from here?
To find out, we have the good fortune to talk today with David Brady, money manager, former FX trader, and author of one of the most popular investing publications on Substack, the FIPEST Report.
David has a pretty grim outlook for the stock market. He expects stocks to fall 20-30% soon, recover before the election as the Federal Reserve returns to QE, and then, once the election is over, "drop precipitously"
Follow David at https://fipestreport.substack.com/
Or on Twitter at @GlobalProTrader
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