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Podcast: Money Life with Chuck Jaffe
Episode: Clocktower's Papic: Inflation has peaked, Fed has pivoted, recession's not coming
Description: Marko Papic, chief strategist at Clocktower Group, says that equities bottom when inflation peaks, and that process -- typically coupled with the Federal Reserve becoming less hawkish -- is well underway. Papic says the Fed's downshift in the size of rate hikes at a time when inflation remains elevated is a sign that the central bank has already shifted its policy focus, and will lead to consumers having more money in their pocket and setting up 'a pretty bullish environment.' Papic expects the market and economy to be strong through 2023, but does seem some storm clouds on the...