So we are in a recession

The rationale of most people on twitter and reddit seems to be , recession = cancel rate hikes.

This is like missing the forest for the trees. Recession is a BIG thing. Dare I say bigger than anything that FED can or cannot do. Why? With 9% inflation FED will not do QE to save the economy. Meaning there is no help coming. Rate hike pause in itself won't mean much to get the economy out of recession when interest rates are at 2.5-3%.

Now for the real important part. Median drawdown of S&P during a recession is 40%. Source: https://twitter.com/KeithMcCullough/status/1550056745011236864

In conclusion, I would suggest caution during these times. And not fall for narrative flowing around. After all, the data is clear.