According to the latest PCE price index data out this morning, U.S. households reduced their spending in December, bolstering the argument that an economic slowdown is near. Stock markets rallied on the news, as investors assume that the Fed will begin to slow its interest rate hikes. Mish Schneider of MarketGauge.com and Harry Melandri of MI2 Partners are here to explore whether this market is paying attention to all the necessary factors. We’ll also hear from Andreas Steno Larsen on the ripple effects that China’s reopening is having on commodities.You can watch the entire episode of Steno’s Signals here: https://rvtv.io/3JlzFd0
In the second part of the show, we’ll dive deep into the setup that Mish thinks is the next big trade. That part will be available only to Real Vision members. If you’re not a member yet, you can start a 7-day trial for $1 and see what you think.
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