Alternative Path

[gdl]

Everyone in agreement that a recession is likely and consumer contraction causing inflation to recede. They use the crisis as the main reason for the final push. Today 72% of analysts believe the FED halt rate hikes in MAY. I am not sure nor convinced any consumer weakness will translate into lower inflation. In any event how does this market reconcile where it is based on projections. based on assumed economic path.

The notion that we can still have a decent 2023 is fading fast. Now the question remains just how bad?