2024-06-04 02:36:44 ET
Summary
- The market expects the ECB to start normalizing policy next week, even though the EU core inflation is accelerating.
- The global central banks will not be able to normalize due to the stagflationary environment, as the process of deglobalization unfolds.
- Thus, the S&P 500 and global stocks are facing a recessionary bear market, as the soft-landing hopes are dashed by the hard-landing data.
The ECB expected to cut
The European Central Bank is widely expected to cut interest rates on Thursday, in what seems like a policy rate normalization....
Read the full article on Seeking Alpha
For further details see:
The European Soft-Landing And The U.S. Stagflation