
Is the Rally Behind Us? And Did Biden’s Latest Blunder Derail Progress With China? 6/21/23
CNBC's "Fast Money"
00:00
How Much Should Stocks Price in Recession?
Most people assume we're having a recession. The question is, how shallow? So being said, they think 0.8%. Like tiny dip. But to assume that the Fed can tighten sufficiently to get down to 2%. First of all, when cornflation's been stuck at 5.3 for nine months now and not take the economy deep into recession is naive. Meanwhile, if you think about the recession we should have had during COVID, which we didn't have because we threw so much M2 at the problem and you're now trying to ring. That would be consistent with recession. I would argue if the labor market weakens in the next few months and we see that rate
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