Will Inflation Ever Drop Back To The 2% Mark?The FED will continue to hike interest rates until inflation gets back to 2% but many are unaware or just haven't traded through recessions to understand just how bad times will get and the next crisis will be deflation trying to slow down the rapid deterioration of the economy from higher interest rates this could be a 2-year process before the markets start a new trend. I'm not seeing much news in the way of predicting $100 Oil coming soon but there's a lot of news talking about a global recession, China's problems in trying to refire up the 2nd largest economy are failing while the US's largest economy is heading down a rabbit hole and with all the krap going on in Europe it's getting harder to predict what the next day will bring on the markets. We are now conditioned with the
"wait and see" what kind of hand we'll be dealt with at 9:30 am because predictions have been thrown out the window and that's why large firms have stopped giving Oil price forecasts because of the volatility of Oil being up one day by $5 and down the next by $7. Logic would say that if Oil was down $3.50 Friday that Monday Oil could be down $1+ unless the economy and Oil turned bullish over the weekend while the markets were closed and Oil will be up $2.50 Monday. Let's see what happens.
The DOW is down 7318 from high
The TSX is down 3887 from high
Oil is down $38 from high
I've traded through 7 market crashes will there be an 8th?
10 stock market crashes from history, explained – Chicago Tribune Will Inflation Ever Drop Back To The 2% Mark? | OilPrice.com