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History is repeating. Again. And it can cost you big.

Eurodollar University

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The Fed and the ECB Are Both in the Process of Rolling Over.

The ECB hiked rates by 50 basis points, but back in December they said there would probably be at least 350 basis points rate hikes in the first half of 2023. Now they're saying we did the one and there might be a second no mention of a third. So the ECB is in its process of rolling over. That's what markets are pricing. They're pricing the monetary, financial and economic conditions which will cause central bankers to cut rates as they did in 2007 and 2008. It wouldn't be surprising to see stocks rally at least initially over the idea of this punch bowl.

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