Why are JPMorgan economists evoking God in their research reports?

Dear Reader, JPMorgan’s global economic research team just published a note titled: “They will know I am the Lord when I lay my vengeance on them.“ The quote comes from Ezekiel 25:17. It was popularized in “Pulp Fiction” by fictional hitman Jules Winnfield — portrayed by Samuel L. Jackson. Led by Bruce Kasman, JPMorgan’s economics team employs the chilling language to characterize the Federal Reserve’s “decisively hawkish shift“ in the wake of recent hotter-than-expected inflation reports. While the economy has been solid and massive tailwinds have provided a buffer to downside risks, the economists caution that “…resilience alone is not enough to deliver a return to above-potential growth in the coming quarters… With inflation pressures still building, however, the risks remain heavily skewed to the downside… Persistently high inflation also challenges our view that central banks remain forgiving deities.” And because the Fed’s only way of affecting the economy and inflation is through financial markets, investors hoping for a rally in risk assets face a problem in the near term. You may have noticed that the tone of the last several emails have taken a slightly darker turn. Simply put, the Fed seems pretty hellbent on bringing inflation down. And as Powell said before, “There could be some pain involved in restoring price stability.“ I think the economy and the stock market are biased to the upside in the long run. We have a long history of recessions, depressions, geopolitical conflicts, financial crises, pandemics, and even inflation scares. And yet, the economy and stock market have never failed to recover losses and come back even stronger. But in the near term, everyone needs to be managing their expectations. This is not the environment where you should expect a sustained rally in stock prices. Editor, Silver Ridge Market Report Andrew Graham [Andrew Graham] P.S.  Imagine knowing, ahead of time, what the best investments of the year would be… Well, investors no longer need to imagine, guess, or throw darts. See, we've uncovered what looks to be a list of [THE 10 best opportunities for 2022.](?signature=0bd94e21b01d9366712da1cd768ca12a39a3dbd8368893b1c3f8ddc561ebf6b3) Even better, our research is 100% FREE today. [Simply click here and claim a copy of our new, FREE report: 10 Great Stocks Under $10.](?signature=6f603ac049cc495c514702b9be987331971cb266da353ee1588fb8e265bc566e) 316 Media and Silver Ridge Market Report, is not giving individualized financial advice. Never invest more than you are willing to lose. 316 Media or Silver Ridge Market Report is not giving financial, investment, or stock advice. Our content is designed for generalized informational purposes only. If you have specific questions about investments or stocks you should consult a financial advisor. Articles, News, Or Other published materials are not always the views of 316 Media and/or Silver Ridge Market Report. If you feel you are receiving these emails in error please email Support@SilverRidgePro.com or click the unsubscribe button below. 316 Media 30 N Gould St, Ste R, Sheridan United States of America [(307) 200-9389](tel:(307)%20200-9389) srmr@silverridgepro.com [Unsubscribe](?signature=c9085d50eea4cb8759d754f4303a42acfa473d1e79e7d4f506a82a4c23f47622)