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Did The Fed Just Back Down? | Joseph Wang & Michael Ippolito
Forward Guidance
The Price Action Makes You Feel Queasy
Joseph Mercola: I didn't think that we would have a big correction in stocks or even a recession for two reasons. He says the Fed was trying to be as hawkish as they can, probably a little bit slow. "Psychology plays a big, big role in shrimpy shaping prices," he says. The market is pretty close to some people saying we're in a new bull market and it's understandable if they believe that."
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