IMCV - Will The Fourth Quarter Sag Or Soar?

• After the third quarter suddenly sagged, we are seeing optimistic forecasts for the fourth quarter. The key question is - will we sag, like the third quarter, or soar again, like the first two quarters?
• While there are some catalysts supporting the economy’s strength this quarter, inflation continues to rise. Fed Vice Chairman Richard Clarida’s comments last week signal that the Fed has become frustrated with surging inflation and intends to squelch it in 2022, even though the Fed has failed to forecast more than one key interest rate increase.
• The World Climate Summit and Climate & Freedom Symposium, held at the same time as COP26, concluded that “markets will solve the climate crisis.” Governments can provide carbon incentives, but the private sector and free markets usually provide the best, most cost-effective solutions.

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