Waiting for the Gadot Recession (3/7/23)

HAVE YOU SUBSCRIBED TO "Before the Bell?" https://www.youtube.com/channel/UCFmyKJKseEMQp1d14AjvMUw (3/7/23) Markets' first test of resistance in anticipation of hawkish congressional testimony from Fed Chairman Jerome Powell; why has there been a rally in Materials and Industrials? The effect of the Inflation Reduction Act piping money into infrastructure projects; Recession is still coming, sooner or later; probably later. Market drivers this week will be Jerome Powell and Employment numbers; is a pause as good as a pivot?  (No.) Volatility ahead! Powell expected to endorse 5.5% terminal rate; no consideration of lag-effect of previous interest rate hikes; the dynamics & psychology of Inflation; markets are looking for anything to support bullish narrative; why the Recession is always 6-months away; waiting on Gadot/The Gadot Recession; an event is needed to trigger; the dynamics of mortgages, interest rates, and home sales. The end of pandemic assistance; why there will always be an impoverished segment of the population; why we have more people in poverty now than before pandemic: The inflationary effects; the flaw of UBI (Universal Basic Income) exposed. SEG-1: Markets' First Test of Resistance Fails SEG-2: Jerome Powell Testimony Preview: The Dynamics & Psychology of Inflation SEG-3: It's a Gadot Recession SEG-4: Why There Will Always Be Impoverished Among Us Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=I8JkXArrsFg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s -------- The latest installment of our new feature, Before the Bell | "Is this a Bear Trap or Still a Bear Market?" is here: https://www.youtube.com/watch?v=WY6DWm0gBLg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --------  Our previous show is here: "What will Workforce Benefits of the Future Look Like?" https://www.youtube.com/watch?v=LFBzg9c0YIQ&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYP