It's a global recession & liquidity crisis. Consumer perspective shaped by what’s going on in their own world despite politicos ignoring the chaos.
European lords are guiding a sanction-driven train wreck and arrogantly blame Russia for energy shortages and Europe’s economic turmoil.
After unprecedented loose monetary and fiscal policy that coincided with a pandemic, the aftermath and recession is squeezing buyers and sellers.
A lot can happen between now and fall, but we’re at a place that’s neutral territory for interest rates, and the Fed provided a dovish hint last week.