The Fed Won’t Be Able to Stop What’s Coming

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by Graham Summers of Gains, Pains, & Capital

While the media focuses on the political hot topic du jour, major corporations are telling us that a recession is fast approaching.

Economic bellwether and industrial Caterpillar missed estimates and downgraded its guidance for 2019. It now joins Amazon, Apple, Samsung, LG, Fed Ex, Johnson & Johnson, Nautilus, Tesla, Tailored Brands, Signet Jewelers, Delta, Skyworks, Macy’s, Kohl’s, and American Airlines… all of which have lowered forward guidance in the last month.

By the way, the estimates that many of these companies are missing were LOWERED just 30 days ago… so things have worsened since then!

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This is why the Fed’s decision to cave on its hawkishness is NOT a good thing. The Fed knows that the economy is crumbling as we write this. And the decision to halt rate hikes and talk about changing the pace of QT is VERY different from cutting rates and engaging in QE.

Put another way, those who believe the Fed can stop what’s coming are in for a rude surprise.

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On that note we just published a 21-page investment report titled Stock Market Crash Survival Guide.

In it, we outline precisely how the crash will unfold as well as which investments will perform best during a stock market crash.

Today is the last day this report will be available to the public. We extended the deadline based on yesterday’s sucker rally, but this it IT… no more extensions.

To pick up yours, swing by:

www.phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

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