Michael Pento comes on the show to give us some insight regarding the Fed’s next move. Everyone who was confident in January is now calling a bottom. The market is going to bottom when the Fed changes their mind and stops trying to fight inflation. Failure is getting rewarded rather than punished. The Fed is still on course to hike interest rates 50 points in June and July. Any high beta stock is going to suffer. The decrease of growth creates a bad environment to own stocks that have little revenue. Michael is not ruling out the fact that Q2 could be negative.
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