Pro Macro: In Focus – The Horse Whisperers

Published on: August 15th, 2022

The summer equity relief rally continues apace with equities comforted by a prospective peak in inflation. But recessionary clouds are gathering on the horizon and will be with us by the end of Q3/beginning of Q4. Policymakers are still busy slamming the stable door long after the inflation stallion bolted from the farmyard. Getting him back will require a horse whisperer of greater talent than JP and his merry posse of ranchers at the Fed.