Market risk indicators are signaling one of the highest probabilities of a crash in the next 60 days. The Bear Traps report founder advises on how to allocate your capital.
that the central bank policymakers are prepared to pick up the pace of rate increases, as they’re expecting to go higher than previously thought.There's a high probability of a stock market crash in the next 60 days, The Bear Traps Report founder Larry McDonald said on"Mornings with Maria" Wednesday.
McDonald argued for every 1% increase in rates, $50 billion is taken "out of the pockets of middle-class families." "Auto loans right now are approaching 14%, almost 20% of auto loans are one thousand a month, and so the middle-class families are getting hammered here," the expert pointed out. "So the consumer pressures are violent, but on the high end, the wealthy are doing well with excess savings and higher interest rates."
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