Once I requested you if we’d see a recession in 2022, I wasn’t anticipating all hell to interrupt free available in the market.
However that’s precisely what occurred over the previous week.
On Wednesday, the Federal Reserve introduced an rate of interest hike of 0.5%. It was the most important elevate in over 20 years.
At first, the markets have been thrilled. They rallied sharply larger, posting their finest day in two years.
However these positive factors have been worn out in Thursday’s buying and selling session.
The Dow Jones Industrial Common and the Nasdaq Composite Index each noticed their worst single-day drops since 2020.
The S&P 500 Index, in the meantime, skilled its second-worst day of the 12 months.
Final week’s market mayhem made your ballot outcomes all of the extra insightful.
Will we see a recession in 2022? Right here’s what readers such as you needed to say:
Practically half of Profitable Investor readers imagine that the financial system is shrinking, whereas one-third assume there’s an excessive amount of uncertainty to inform.
However, as Ian King mentioned in his newest article, the chances of a recession proper now are solely 35%.
So whereas we have to regulate market volatility for the foreseeable future, it seems like a recession is off the desk. (Not less than for now.)
Preserve studying beneath for this week’s Profitable concepts.
This Week’s Profitable Concepts
Gear Up for the Semiconductor Tremendous Cycle — Steve Fernandez and Ian King are gearing up for a protracted rally in semiconductor shares. Right here’s why.
This Historic Bear Market Units Up a Snapback Rally — If historical past is any information, we could also be establishing for a snapback rally within the second half of the 12 months.
Actual Property Is Getting a Crypto-Fueled Improve — Some startups are tackling Miami’s actual property downside by making a next-generation mortgage product.
Has Warren Buffett Lastly Misplaced His Thoughts? — Warren Buffett likes to hate bitcoin. However he by no means mentions its unbelievable observe report…
Jamie Dimon Ought to Be Scared of DeFi — Right here’s how the DeFi trade is reinventing what it means to be a financial institution.
Finest Needs,
Tiffany D’Abate
Senior Managing Editor, Banyan Hill Publishing