Payne's Perspective: August 1, 2022: Recession Is In The Cards
It was a phenomenal week for the market, which ignored the experts and the words focused on body language.
It was all about Jay Powell, and perhaps the start of a pivot, and all about earnings, which continue to exhibit more resolve than most expected.
Going into the weekend, the experts were furious, having said the market had to go down a lot more and individual investors had to panic much more – neither happened.
All of these things could still occur, but the fact of the matter is stocks and bonds act like a bottom has been put in.
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