“We’re now at an average 62% chance of a recession by May 2024”
The probability of a recession has skyrocketed to levels last seen in the 1980s
We’re now at an average 62% chance of a recession by May 2024 pic.twitter.com/gDXIzvtP56
— Game of Trades (@GameofTrades_) June 28, 2023
‘Greatest Economic Reset In Our Lifetime’ Is Beginning: Mike McGlone, Bloomberg Intelligence: Video
The New York Fed currently indicates a 70.8% probability of a recession, reaching its highest level since 1982. According to Mike McGlone, a Macro Strategist at Bloomberg Intelligence, this recession could potentially be the “worst in our lifetime.” Let’s examine the implications for stocks, Bitcoin, and gold.
Baltic Dry Index Falls 3.8% to 1,138 in London.
— CN Wire (@Sino_Market) June 28, 2023
A U.S. recession is coming this year, HSBC has said.
— unusual_whales (@unusual_whales) June 28, 2023
Tech capital spending has been dropping sharply
A contraction in spending has been an accurate coincident indicator for recessions pic.twitter.com/qw3fPRNYEr
— Game of Trades (@GameofTrades_) June 28, 2023
Translation: Recession Confirmed 🚨🚨🚨
A recession “is not the most likely case,” though it is possible, Fed Chair Powell said at the ECB Forum.
— Wall Street Silver (@WallStreetSilv) June 28, 2023
Despite a close positive correlation since 2022, the market has significantly diverged from this liquidity index
The last time this happened, S&P 500 had a sharp drawdown pic.twitter.com/4pE2u6QJmu
— Game of Trades (@GameofTrades_) June 28, 2023
Funny how they hide all the bad news until the end of the month.
— Financelot (@FinanceLancelot) June 28, 2023
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