S&P Could Sink To 2018 Or Even 2015 Levels Before All Is Said And Done — Don’s Daily Brief

by | Dec 22, 2022

My ego is a little bruised this morning.

For months I’ve been saying that the Fed is going to go much higher and much longer than the markets expect. They’ve got a much bigger problem that they need to solve and the markets have not come to grips with that yet.

The S&P will go down to the 2800 level or possibly even 2200 when this is all over. No one knows exactly how far, but it’s got a long way to go, because the Fed has a big problem to solve. But the markets don’t listen to me.

But then billionaire David Tepper comes out and says the exact same thing and the S&P sinks like a rock

That’s alright. I’ll get over it. At least we’re on the right side of this market. We’ve got lots of shorts on on this market and I pretty good about that.

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