He lists positive developments including China's reopening from Covid-19 lockdowns and a weakerfor market enthusiasm. Kolanovic believes they helped create a narrative the worse is behind us and a recession "somehow magically " happened last year.
"I just don't think that at 5% rates we can have this economy functioning," said Kolanovic, who noted private equity and venture capitalists can't exist in this kind of environment. "Something will have to give, and the Fed will need to flinch.""At some point, they'll [the Fed] backstop it. So, the big question is where. Is it [the S&P at] 3,600? 3,400? 3,200? We don't have a very strong conviction.
FastMoney This is why I stopped watching CNBC it’s the channel set up to make Main Street Poor street, always misleads, always reports on SPACS meme stocks they get Main Street all in it then as it goes down then they say it was a bad idea people should of never been in it, pure trash
FastMoney CNBC clown show
FastMoney The guy who was a bull all last year is now bearish🫠 👌🏻 you can’t make this up, and how much is he paid?
FastMoney 😂
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