With inflationary fears receding, growth concerns are front and center.
We’re no longer in a “bad news is good news” situation.
Even if the Fed pivots, the effects of the rate hikes we’ve had so far are too much for the economy to bear.
The past decade-plus has built a fragile economy on the back of cheap money. And now that growth is working in reverse.
► For today’s FREE pick, take a look at MRK. I see another 5 to 10% to the downside possible.
This thing is set up for a near term selloff — But not yet. You should only short it once it hits a specific level.
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