Today is a day off in the major markets.

#markets #Fed #globaleconomy

Although the cryptocurrency market is working, volatility is extremely low. The BTC price has been frozen in a narrow corridor of $16900 – 16725 since Friday.

At the same time, portions of negative forecasts are starting to “pour” into the market:

SPI Asset Management:

The Fed is going to tighten financial conditions until there is a recession or something similar. This is not a good time to own speculative assets, especially long-term ones. Cash is the best investment right now.

BlackRock:

Central banks will not come to the rescue when economic growth slows down under this new regime, contrary to investor expectations. They are deliberately causing a recession by tightening policy to try to curb inflation.

We don’t think equities fully reflect the likelihood of a recession right now.

The coronavirus wave in China also continues to accelerate. Official sources have even stopped publishing statistics. Many analysts predict the virus will spread to the rest of the world after the New Year. Likewise, the sudden shutdown of the “world factory” could hit the entire global economy hard: oil prices could fall seriously, the supply of commodities would fall – which could have a bad effect on inflation expectations.

For now, 2023 promises to be a very challenging year for the world. Recall that The Economist portrayed 2023 as a “red year”. A lot of red elements mean danger – both to the world in general and to the economy in particular.