Key indicators suggest potential economic bust, despite Powell's claim of avoiding recession

From Investing.com: 2024-12-20 10:32:00

Jerome Powell states that we have avoided a recession, but indicators suggest otherwise. The 10yr-2yr Yield Curve is steepening, historically signaling an economic bust. The Fed’s recent talk on inflation hints at a shift in policy. The Gold/Silver ratio and USD are rising, indicating potential market trouble. While short-term market activity may be bullish, key indicators are pointing towards an oncoming economic bust and liquidity issues. Stay informed to navigate the uncertain market conditions ahead. 1. The stock market experienced a significant dip today, with the Dow Jones Industrial Average dropping by 500 points due to concerns over rising inflation rates. Investors are closely monitoring the situation as they navigate the volatile market conditions.

2. In other news, a new study found that the COVID-19 vaccine is highly effective in preventing severe illness and hospitalization caused by the Delta variant. The study revealed that vaccinated individuals have a significantly lower risk of serious complications compared to unvaccinated individuals.

3. On the political front, lawmakers are debating a new infrastructure bill that aims to invest $1 trillion in improving the country’s roads, bridges, and public transportation systems. The bill has garnered bipartisan support but faces challenges in the Senate as negotiations continue.

4. In the tech world, Apple announced the launch of its new iPhone 13 lineup, featuring improved cameras, faster processors, and longer battery life. The company also unveiled new updates to its Apple Watch and iPad models, highlighting its commitment to innovation and customer satisfaction.



Read more at Investing.com: Is It ‘Pretty Clear’ We’ve Avoided a Recession?