Sean Brodrick – Concerning Macroeconomic Factors Causing Markets To Anticipate A Recession
Sean Brodrick, Natural Resource Analyst at Weiss Ratings and publisher of Wealth Wave, joins us to focus on some of the macroeconomic factors that have him worried, and the market expectations that these trends indicate that a recession is on the horizon. We start off by discussing the persistence of high inflation metrics forcing the Fed to keep aggressively hiking rates, and what effects this is having on the US dollar, gold, the housing market, general equity markets, and the cryptocurrencies. In addition, we review the slowing economy and downgraded GDP estimates that project 0% growth in Q2 of this year, after already seeing a negative quarter in Q1.
With various sectors and markets under pressure, and the cost of corporate borrowing escalating, this has Sean remaining focused on the value sector and shunning the growth sector for the foreseeable future. He outlines his outlook on the oil sector, precious metals, defensive posturing and provides his opinions on what is driving inflation. We wrap up with the point that investor perceptions are often more important that what actually happens, as the future markets are discounted far in advance, based on the prevailing sentiment and narratives.