Everyone who is buying the market move since November 8th is about to get destroyed.
The 4Q16 GDP growth numbers confirm that the US is rapidly moving into recession. We posted the weakest GDP growth numbers since 2011… during an election year in which the Government was going everything possible to juice growth.
The details of the growth numbers were even worse. Stripped of various gimmicks, real GDP growth for 2016 was likely sub-1%.
Anyone who is investing today based on the idea that an economic renaissance is just around the cleaners is going to lose a LOT of money.
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The markets smell this already.
These people are going to get taken to the cleaners.
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Graham Summers
Chief Market Strategist
Phoenix Capital Research
