Steve Grasso: Supply shocks call for rate cuts, not hikes

Steve Grasso: Supply shocks call for rate cuts, not hikes
Supply shocks require rate cuts

Steve Grasso, director of institutional sales at Grasso Global, argues that in the face of supply shocks, central banks should cut interest rates rather than raise them.

He states that demand has already fallen and further rate increases would worsen the impact on people struggling with high energy prices. Grasso calls this approach 'textbook macro' but notes it remains a controversial stance.

Grasso has highlighted recent market events in his commentary. He noted that SPCX surpassed $175, triggering an early unlock and upcoming index share purchases. In another update, he confirmed a slightly positive position in SOUN as part of his current holdings.

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