They Say Everything Is Fine/Back To Normal; We Can Clearly See It Is Not Fine/Nowhere Near Normal

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • Mar 17, 2023 at 7:15 AM EDT

The ECB hiked its interest rate benchmarks today by 50 bps. Markets everywhere basically ignored it. What happened over the past week has already left serious and lasting doubts if not persistent scars.

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Disclosure:

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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