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MacroVoices #312 Charlie McElligott: Tightening Cycle Is A Headwind Until It Becomes A Tailwind

Macro Voices

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The Fed's Tightening Cycle Is Going to Be a Threat

S m p point swing from its los back up. Who what volatility? What does it mean to you? Well, we've seen a complete reversal day in just about everything. The stock market was down hard before it opened this morning, closed up on the day. Gold had one of its biggest up days in recent history as long as i can remember. And same thing in crudoil, massive spike over a hundred dollars, fully retracing. By five p m, the final close will probably be either down on the day or flat. So what the heck is going on here? I think what happened is, the big move was in reaction to russia ukraine.

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