"Powell's speech on Friday stressed that the central bank's determination to fight inflation includes sacrificing the economy, pushing it into a recession," Jan Szilagyi, CEO and founder of investment research firm Toggle AI, told IBT in an email.
But markets do not seem to be prepared for such a scenario. Thus, the Fed may be setting them up for another crash.
Read the full article here
Subscribe to our daily market brief and get new trade ideas every single day