12/9/2022 Am I Seeing Double or Is This a Santa Clause Rally??
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 12/9/2022 Towne Wealth
Am I Seeing Double??
A ‘Double Inversion’ of the yield curve between the 2-year treasury and the 10-year treasury and, now, the 3-month treasury and 10-year treasury, occurred this most recent Wednesday, says Breitbart 12/7/2022, suggesting…a coming recession. Nevertheless, Labor Productivity was unexpectedly revised up .8 for the period between July through September, according to The Department of Labor 12/2022. Yet, Unit Labor Cost Growth was revised down to 2.3% on…get this….
Higher Productivity. W-h-a-a-a? …
Pundits are starting to make comments like, “The Immaculate Disinflation,” suggesting, that although we are experiencing recessionary winds, there are forces which could indicate a soft landing.
So, seeing both sides at the same time
and
weighing the outcome
is what we are looking at…this early December, 2022.
Besides, Santa Clause…with a Santa Clause Rally, of course!!!
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.