Market experts explain why political gridlock is economy’s ‘best case scenario’

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

WORD ON THE STREET: Market pros explain why gridlock is economy's ‘best case scenario’

Key Advisors Group, LLC owner Eddie Ghabour says the 2022 midterm election results will not change the 'economic cycle' warning the U.S. is barreling towards recession on 'Varney & Co.'

"Overall gridlock was a best-case scenario from a market perspective, but at the end of the day, nothing's going to change the economic cycle that we are in right now," Ghabour said. "I think investors need to take a strong look at this rally that we've seen, this bear market rally, and in the coming weeks look to reevaluate their positioning because in our viewpoint, we are heading into a recession.

Lonski argued that the worst-case scenario would be no GOP gridlock at all, and Morgan Stanley analysts wrote a Democrat surprise would"What if there is no gridlock? What if the Democrats hold on to power in the House and the Senate? Then I would be extremely worried, as would be the markets, and who knows where the federal funds rate might be," Lonski said. "Forget about 5% and change, it might be 6% or higher.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If the Democrats win, the FED will continue in the fight to lower inflation and consequently will continue to raise rates and that affects the actions, according to My reading

Fake Fox News!

The Market pros you are referring to are the marketmakers-manipulators.. its going to get worst.

The Democratic Party does not like the police because it encourages crimes and the percentage has increased by 50%

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Market Liquidations Hit $300 Million in Last 12 Hours, Bull Market Canceled?$FTT and $ETH are the two biggest liquidation providers on the market today, thanks to the FTX situation
Source: Utoday_en - 🏆 295. / 63 Read more »

Shiba Inu’s Market Cap Slips Below $6 Billion Amid Market BloodbathShiba Inu is struggling to buck the broader bearish trend, with its value now slipping below $6 billion That's not much compared to other currencies.
Source: Utoday_en - 🏆 295. / 63 Read more »