Inflation now at 40 year High. November was always going to be a wipeout,....now its going to be a blood bath.
The new numbers are out.
https://www.marketwatch.com/story/coming-up-consumer-price-index-11644498273
With respect.
I think it is a little too early to know about November quite yet.
The CPI numbers are AWFUL.
And this month and probably Q1 are not looking good at all.
But politics is about 'what have you done for me lately'.
If the CPI turns around by late Spring/early Summer and the Fed holds off on it's rate hikes?
Than that could keep the 'cheap money' party going for a while longer.
And if that turns the markets/GDP around?
Biden can claim - '
See! America was in danger of a recession. But through our efforts...we successfully fought it off.'
It's bullshit...but it probably would work.
Plus, Biden just re-nominated Powell to stay on as the Fed Chairman.
That means Powell owes Biden.
And the Federal Reserve is the
most, powerful economic entity on the planet.
That is a mega-powerful ally to have.
You may be right.
But personally?
I would wait until the summer at least to start laying bets for November.