Key Advisors Group, LLC owner Eddie Ghabour says the 2022 midterm election results will not change the 'economic cycle' warning the U.S. is barreling towards recession on 'Varney & Co.'
"Overall gridlock was a best-case scenario from a market perspective, but at the end of the day, nothing's going to change the economic cycle that we are in right now," Ghabour said. "I think investors need to take a strong look at this rally that we've seen, this bear market rally, and in the coming weeks look to reevaluate their positioning because in our viewpoint, we are heading into a recession.
Lonski argued that the worst-case scenario would be no GOP gridlock at all, and Morgan Stanley analysts wrote a Democrat surprise would"What if there is no gridlock? What if the Democrats hold on to power in the House and the Senate? Then I would be extremely worried, as would be the markets, and who knows where the federal funds rate might be," Lonski said. "Forget about 5% and change, it might be 6% or higher.
If the Democrats win, the FED will continue in the fight to lower inflation and consequently will continue to raise rates and that affects the actions, according to My reading
Fake Fox News!
The Market pros you are referring to are the marketmakers-manipulators.. its going to get worst.
The Democratic Party does not like the police because it encourages crimes and the percentage has increased by 50%