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GMO's John Defterios: I think the Fed is going to hold rates where they are for now. He says if inflation doesn't go down, he thinks it will eventually be a sign of things to come. The focus on growth traps and value trap stocks isn't as bad when you're in one, defterios says.Defterios: People still like looking for bottoms and wanting to buy dips. That won't work for next 10 years.
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