Stock Market Bottomed | Recession Is Still Coming
Channel: Hayden Schreier
Date: 09/06/2022

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END OF THE BEAR MARKET OR RECESSION?:
The S&P 500 has finally broken its 7 week free fall, almost a 17% drop and its worst stretch since the dot-com bubble more than two decades ago. Now this could mean we have finally found the bottom in the market but some analysts still believe this is only a relief rally and a recession is still on its way. 

IS THIS A REPEAT OF 2018?:
In 2018 we saw something happen to the S&P 500 that’s very similar to today. During this time there was a lot of tension between the U.S. and China mainly caused by President Trump’s trade war, We saw a slowdown in global economic growth and there was huge concern that the Federal Reserve was raising interest rates too quickly. In 2018 Jerome Powell issued 4 interest rate hikes causing investors to fear that the rates could trigger a recession. This also sounds a lot like today right.

UNRESOLVED PROBLEMS TODAY:
We still have the FEDS raising interest. We are still seeing new covid outbreaks and now a new virus called the monkeypox, we are still seeing oil and gas prices surge through the roof with some places even seeing close to $10 a gallon. On top of that we still have a housing and rental market shortage, there is still a war going on with Russia and Ukraine and now we are starting to see the beginning of major layoffs especially for tech and crypto companies. 

THE MIDDLE CLASS IS STRUGGLING: 
Two-thirds of American workers say their salaries are not keeping pace with inflation, and the percentage of employees considering quitting a job is at a four-year high. Sixty-six percent of workers say inflation has outpaced any salary gains they’ve made in the past 12 months.
Whats worse is people between the ages of 18 and 40 are at least 60 days past due on their auto loans in the first quarter of 2022. 


Legal Disclaimer: I am not a financial advisor nor is any content in this video presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.