Happy New Year! Buckle up your chin straps, because 2023 is going to be something…
On the one hand, the market is grappling with recession induced by higher Fed rates — a recession that was going to happen regardless.
On the other hand, we have inflation driven by wages. With 10,000 Baby Boomers retiring every day, almost all of the decline in the working population is attributable to retiring Baby Boomers.
That labor tightness and the wage pressure is the theme for this year.
So we’ve got recession, inflation. That’s stagflation.
► For today’s FREE pick, I want you to short META.
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ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.
The top idea from his daily scan ends up here.
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