Joining us today is Jurrien Timmer, Director of Global Macro as he shares his insights on the global markets and how he sees market action playing out in 2023. Jurrien explains to host Pamela Ritchie that if CPI numbers keep on track as it was a month ago where numbers came in below expectations, it will give more solace to the markets that the Fed is indeed winning the battle against inflation. He adds the likelihood of a recession next year should not be underestimated or discounted. Jurrien says if we get a recession, earnings will likely come down at least in real terms. Jurrien also touches on China’s potential re-opening, more Fed tightening, and financial engineering.

Recorded on December 12, 2022.

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