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Weekly Market Impact

Jul 6, 2022

This week, Phil discusses how the first half of 2022 was a historically bad start for markets. There was simply no place to hide as both stocks and bonds ended the first half in negative territory. While the moves by the federal reserve have not yet slowed down consumer demand the good news is that households still have $18.5 trillion dollars in cash on hand. This means the economy can survive this bout of inflation. The other bright spot is that the job market remains on solid footing. Therefore, any recession, if it is to come should not be prolonged as the underlying fundamentals remain strong.