Market Rout Looks like Nelly is in the house. What do people think that these markets are normal lol. This rout is only getting started. Maybe a small summer rally followed by continued drop in the indexes into the fall. How they going to control inflation? To late the genie is out of the jar. Try putting toothpaste back into a tube. Transitory inflation we were told. Monopoly money printing and ultra low rates, the supply chain breakdowns via cv19 flu, As long as energy remains high along with other commodities pushing the inflation envelope don't expect any changes. Rate hikes will be called for to reign in on inflation and once everything implodes so does commodities. Supply destruction will happen via high prices. We haven't seen nothing yet in the economy. Wait til bankruptcies and foreclosures start because rates and costs are in-manageable. This will be a consumer led recession.
jmho