James Solloway, chief market strategist at SEI's Investment Management Unit, struck a similar tone last week, noting that GDP growth will decelerate, labor markets will tighten, inflation will peak and Covid will continue to have a short-term negative effect, the global economy should continue to manage through the periodic setbacks.
Although the data so far has indicated that the highly transmissible omicron variant may not be as severe as previous iterations of the virus, Mazars Chief Economist George Lagarias said Thursday that markets should avoid complacency about the possibility of other pandemic-related shocks. "All it takes is one new vaccine-resistant dominant variant to undo months of global vaccination and throw predictions out of the window."Lagarias also highlighted that U.S. stocks, in particular, are expensive and concentrated — a feature highlighted during last week's weakness among tech behemoths — but noted that investors have few alternatives to stocks in general at present.
They've been saying this for years
Meaning, “There’s a crash of historical proportions coming.”
Thanks you for the great review that we had the other day. You made it easier for me to understand MichaelWeldon_ $43k earned🙌