- Whether we want to admit it or not, we have a considerable inflation problem.
- Prices are skyrocketing all around us, and high inflation is already impacting retail sales, consumer sentiment, and confidence.
- Moreover, corporate margins, profits, and EPS will likely soften as we move forward.
- The Fed is acting. Unfortunately, tighter monetary conditions will further constrict economic growth.
- The next phase of the correction could coincide with the coming FOMC meeting, and stocks could head considerably lower from here.
For further details see:
Why Another Drop May Be Approaching