UBS is Fed up, so consume this sector with some discretion

Arthur Garipoli

The first half of 2022 will be remembered for some really historic crapness.

Already in the Top 5 of Worst Half Ever For Global Equities, the finger pointing is underway with market fears of a recession leading directly back to the big boots of the Federal Reserve and it’s catch up footy hiking of interest rates to fight an inflation game many think is already lost.

Stocks big and small have had a tortuous 2022 so far, stateside the S&P 500 is down by well over one fifth and stock markets willy-nilly are tumbling into bear market territory.

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