Why Panic from The Feds Leads to Self-Inflicted Recessions Wealth Wisdom Podcast

June 2022 will not be remembered as a stellar month for your portfolio.
With the current calendar year already being a challenging one for the markets, the US Federal Reserve added to the chaos by hiking interest rates to 75 basis points, which was above previous expectations.
Interest rates are up. Inflation is up. Returns in both the stock markets and bond markets are down.
So, what the heck is going on?
To help decipher the current investment landscape, I'm joined by returning guest Drummond Brodeur (Senior VP & Global Strategist, CI GAM) to touch on what happened in June. We also talk about what Drummond and his specialized teams see moving forward in the weeks and months ahead.
Here are some noteworthy timestamps from the episode.
Market Outlook: Despite some surprises, this downturn wasn’t unexpected (1:00)
Inflation Summary (8:00)
The Fed panics and “loses the plot” (12:30)
Housing & mortgage discussion (18:00)
Why this is a manmade recession (25:00)
Canadian Dollar/currency outlook (34:00)