SG Talk

Dow fell another 350pts yesterday. That is after a 400pts drop on Monday.

Fed plans for another ate hike.
The US economy will be on its knees by first half of 2023.
Look at the massive retrenchment at Amazon, Facebook etc.

Oil price now is below $80
Some commodities have fallen by 50%
Problem ahead is sudden deflation not inflation.

It has happened before when Fed fights jnflatuon aggressively by raising rates only to wake up and find economy has stalled.