When Will the “Fed Pivot” Come?
Blake Morrow sits down with Adem Tumerkan, founder of Speculators Anonymous to discuss some of his macro views on the markets.
Adem talks in depth about how he sees the markets and how we are probably already in a recession now and how the Fed’s actions will only make it worse and will probably create a negative wealth effect as a result.
At the same time, banks will balance sheets will remain bloated due to recent reverse repo operations.
Adem feels that the Fed is trying to create a mini recession with rate hikes and create demand destruction so supply can catch up. He feels that the Fed is still behind the curve.
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