A soaring budget and trade deficits, rising interest rates, higher inflation, a falling U.S. Dollar, protectionist tariffs, a looming trade war, and a slowing economy all portend lower corporate earnings and a bear market in stocks. Let's see how much longer Powell can pretend all is well.
Related trading instruments:
- SPDR Dow Jones Industrial Average ETF (DIA)
- Nasdaq 100 Index ETF (QQQ)
- SPDR S&P 500 Index ETF (SPY)
- United States Steel Corporation (X)