Explaining the Four Growth Shocks Since 2025 & What They Mean

Barry Knapp compares the current yield curve to last year’s and what they are saying about economic conditions. He argues that bonds and equities showed tariffs would hit growth more than inflation, and we watched that play out last year. We’ve had four growth shocks, Barry says, laying them out for viewers. He analyzes the market impact of the latest one, energy prices rising, and what signals he sees about what happens next.

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