gambling is recession proof....Correct but only when the...

gambling is recession proof....

Correct but only when the interest rate is stabilized.

Even a dove needs to eat given the food price is expensive. The European Central bank has always been in a dovish stance because It underestimated the gas crisis in Europe.

Stocks shot up after ECB's note but the market never knew the ECB would rise the rate again.

The whole European countries experienced harsh recovery that why the ECB was reluctant to rise rate to keep up with the inflation.

It needs to do so to prop up the current account deficits and to prop up its purchasing power in the Euro dollar.

The US had higher deficit with a lower USD but the country deficit was improved because of the stronger USD.

The ECB, the Japan and China central banks are happy with their lower currency values due favorable exports but the Europe cannot afford higher gas price with lower Euro.

The market is now adjusting a 0.5bp increase in the ECB rate It won't be happy if the ECB starts to address the gas crisis, the main inflationary pressure.

I always think It's good to go back to growth stocks but I was and always be wrong.