A recession will hit by the spring, and the S&P 500 will crash by 25% or more, David Rosenberg has said.
— unusual_whales (@unusual_whales) September 20, 2023
The Fed was 12 months late to start hiking and now they've over tightened.
Markets won't wait for the Fed to cut before selling off because there is no cut coming, just like the 1970s.t.co/lBcGZiyl6Q
— Financelot (@FinanceLancelot) September 20, 2023
SUMMARY OF FED DECISION (9/20/23):
1. Fed PAUSES rate hikes leaving rates unchanged
2. 12 Fed officials see 1 more rate hike
3. 7 Fed officials see no more rate hikes
4. Fed sees rates higher for longer
5. Fed sees inflation at 2.6% in 2024
Is the Fed pause finally here?
— The Kobeissi Letter (@KobeissiLetter) September 20, 2023
BREAKING: Fed futures now no longer show rate CUTS beginning until September 2024.
To put this in perspective, three months ago futures were expecting 4 rate CUTS in 2023.
Now, interest rates are expected to PAUSE for at least 1 year.
The Fed has made it clear, higher for…
— The Kobeissi Letter (@KobeissiLetter) September 20, 2023
We're in the biggest Housing Bubble ever in 2023.
Home prices, adjusted for inflation, are 85% overvalued compared to their 130-year average.
The only other time the overvaluation came close was in 2006.
And we all know what happened next. 📉 pic.twitter.com/RCOgcL69k0
— Nick Gerli (@nickgerli1) September 20, 2023
BREAKING: Fed officials still see one more 0.25 rate hike increase in 2023, and expect to hold rates higher for longer in 2024, 2025 than in June projections
— unusual_whales (@unusual_whales) September 20, 2023
One last rally until the end of the month then shit hits the fan with a government shutdown on October 2nd, followed closely by liquidity problems at the banks as people need to pull their savings to pay for student loans + being furloughed from their government job or striking👇 t.co/MfljgJhE1T
— Financelot (@FinanceLancelot) September 20, 2023