KG Advisors Market Update - February 2023
Our research from the team at Ed Yardeni maintains markets made their ultimate lows last October. Jeremy Grantham suggests a ‘third act’ of the play may unfold testing Yardeni’s resolve and conviction of his call. Most prognosticators for both markets are linking their muse to the pivotal decisions of Federal Chairman Powell, and the world waits on his words with bated breath. If history is a guide, the Fed raising rates will ultimately 'hard land' the economy, but they will quickly show up on the scene as the responsible party to rescue it. No matter, we understand our role to be adaptive, adjusting positions as needed.
