The S&P 500 is down some 20% from the December ‘21 peak. This no doubt partly reflects various supply disruption and nuclear holocaust scenarios associated with the NATO-Russia proxy war in the Ukraine. However, given the proximity in time of recent (last two weeks) stock declines with Fed statements, we can be confident much of the draw down also reflects a tamer market forecast for nominal spending growth.
Falling stock prices are a good thing
Falling stock prices are a good thing
Falling stock prices are a good thing
The S&P 500 is down some 20% from the December ‘21 peak. This no doubt partly reflects various supply disruption and nuclear holocaust scenarios associated with the NATO-Russia proxy war in the Ukraine. However, given the proximity in time of recent (last two weeks) stock declines with Fed statements, we can be confident much of the draw down also reflects a tamer market forecast for nominal spending growth.