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There are a lot of narratives flying around right now regarding the economy, the stock market, recession risk, jobs, inflation, and what’s going to happen next year.Given the recent 5%+ Q3 GDP print and one of the best Novembers on record for both stocks and bonds, bulls are back to saying “everything is awesome” again & 2024 will be a great year for making money.Bears on the other hand point to near-record levels of overvaluation, and recessionary leading indicators and warn the inevitable arrival of the lag effect will see the economy in recession next year and the return of a bear market.When sentiment is full of such crosscurrents, it’s prudent to seek the counsel of those who take. cold and calculated look at the data, to see what “is” vs what our biases may want us to see.This is why we’re fortunate to speak with macro analyst Wolf Richter of WolfStreet.com, who will share with us what the charts he regularly compiles are telling him about the true state of today’s economy & markets.Video Length: 01:25:55More By This Author:“Look Out Below!” – Stocks So Overvalued Phase 2 Of Bear Market To Hit SoonA Market Crash In 2024 And A Depression By 2025?”Worst Part” For Stocks Lies Ahead In 1st Half Of 2024
“We Need A Recession!” Though Not Happening Soon
