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Epsiode 44: Why Is The Stock Market Down?
Description
Welcome to the 9Innings Podcast where we Educate, Empower and Engage.
ON THIS WEEKS PODCAST: Kevin discusses why the market has come down 20%. We are in a bear market due to rising rates and high inflationary pressures that are forcing the Feds hand. Jerome Powell continues to stress “pain” will be felt in the overall economy and unemployment will rise. With supply chain issues starting to abate and global demand subsiding, many fear the Fed is being too aggressive and needs to back off their rate hikes. The Fed continues to state they will be aggressive to combat the inflationary pressures because inflation will be a headwind in overall economic growth.
Website: http://www.9inningscapitalgroup.com
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