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Investors are still underestimating the Fed's willingness to trigger a recession and a 'market meltdown', a veteran SocGen strategist says
Investors are still underestimating the Fed's willingness to trigger a recession and a 'market meltdown', a veteran SocGen strategist says
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on June 23, 2022 at 9:22 AM Société Générale's chief market strategist Albert Edwards warned that stocks and commodities will plummet with a recession now inevitable.
Reuters/Benoit Tessier
The Federal Reserve now prioritizes curbing inflation over preventing recession, according to Société Générale's chief market strategist. Aggressive interest rate hikes will trigger a "market meltdown", Albert Edwards said. Edwards expects both stocks and commodities to plummet as recession fears rise.
Markets haven't yet fully priced in the threat of a recession, which means that stocks will plunge much further over the next few months, according to Société Générale's chief market strategist.
Albert Edwards said the Federal Reserve is now prioritizing taming inflation above avoiding a "market meltdown", even though equities have
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