Bigworld, The growing consensus now seems to be for a rate hike this month and then only one more hike in 2109. That sounds like wishful thinking, but hopefully the Fed won't overdo it.
Rickards suspects they will (overdo it). He thinks a recession is probably already baked in, and says the ongoing QT ($600 bil/mo) is the equivalent of a 1% interest rate rise/year, on top of the regular rate hikes. Apparently one of Powell's jobs at the Fed under Yellen was to help 'manage public expectations', so we'll see how good he is at that.
Hopefully the market will rally back up and out of the danger zone after the coming Fed meeting. Fwiw, I'm figuring the best case scenario is that we get a sideways market in 2019, and no crash.
