The U.S. stock market is under pressure for a variety of reasons and there’s no Goldilocks factor to be found in the current state of global affairs.
FTX crypto implosion a potential Black Swan event where contagion may impact the financial industry & individual investors in unexpected ways.
Gundlach: “housing prices are doomed and the economy could lose several million jobs... refinancing industry completely dead.”
After unprecedented loose monetary and fiscal policy that coincided with a pandemic, the aftermath and recession is squeezing buyers and sellers.
One data point from the Fed’s officialdom confirms the United States is in a technical recession and heading for a potential hard landing.