MacroVoices #352 David Rosenberg: This Bear Market Has A Long Way To Go
Macro Voices
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What Is a Pivot?
The Fed is reducing the size of its balance sheet by $95 billion a month. The pivot, historically, is we're going to shift to cutting rates. That's a pivot. A pivot is not slowing the pace of rate increases from 75 to 50, 50 to 25. Believe me that, when it comes time to pivot for good, the market will probably have a bear market rally.
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