Hot inflation is crashing corporate profits, as consumer spending falls and the Fed’s rate hikes make the cost of capital more expensive. As a result, stocks remain under pressure and bond default risks grow.
Meanwhile, the economy is fast contracting into a recession. Likely a painful & prolonged one, warns Jeff Snider here in Part 2 of our interview with him.
In this video, Jeff kindly shares the assets he thinks will defend wealth the best over the coming months of this bear market.