Welcome to 2 Question Tuesday. This week’s client submitted questions were:

1. After Bank of England announcement, should we buy UK bonds?
2. Do you agree with Jamie Dimon about stocks falling another 20%?

Phil, Mike, and Larry discuss what’s next for the chaotic British bond markets after the Bank of England announced its second expansion of its emergency bond-buying operation in two days and if U.S. investors should buy British bonds. They then look at JP Morgan’s CEO Jamie Dimon, who told CNBC that he thinks the S&P 500 could fall another 20% and that the U.S. and global economy could fall into recession by middle of next year depending on how the Federal Reserve continues to fight inflation, the unknown effects of quantitative tightening and the war in Ukraine.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.