MSFT & META Bull Case in Market Priced for Fear

Ted Thatcher warns rising energy costs and cracks in the labor market raise stagflation risks, putting the Fed in a difficult policy bind between fighting inflation and supporting growth. He acknowledges this increases downside risk for markets but highlights potential selective buying opportunities in stocks beaten down in the recent sell-off.

Analysis

Ted Thatcher warns rising energy costs and cracks in the labor market raise stagflation risks, putting the Fed in a difficult policy bind between fighting inflation and supporting growth. He acknowledges this increases downside risk for markets but highlights potential selective buying opportunities in stocks beaten down in the recent sell-off.