Rally in stock markets may prove to be short-lived as inflation pressures remain high and a recession seems increasingly likely.
Superstition grippe market observers early this year. Those who felt we were in a bear market greatly outnumbered those who would say it out loud.
Why do I believe this time is different? Because the last two quarters have deviated substantially from what investors have come to expect since 2009.
Persistent high inflation and aggressive rate hikes from the Fed are certainly headwinds for the economy and some believe a recession is already here.