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Market Outlook

Selling continued today as market participants continued freaking out about FED and now increased the chance of entering a recession. There is nothing we can do about it but patiently wait for this to pass. It will pass someday. The only concern I have is that the FED kept aggressively raising interest rates, but it has had no impact on inflation so far, and their solution is raising the interest rates more. Like now the rates do nothing, raising them more will do something? With this dynamic, the economy will break, people will lose jobs, houses, and the US and the world will go into a deep and painful recession. We can only hope this will not be the case. The VIX is still in contango, this selling may pass, and we may still see the end-of-the-year rally.

Market Outlook

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