Ignoring Reality
MRKT Matrix
00:00
Introduction
The market is ignoring reality, the reality that earnings and prematurely price in a pause in Federal Reserve rate hikes according to us. The lag effects of higher rates for longer is the thing that is likely to continue to hit S&P earnings. Tomorrow's CPI number will determine whether or not the S&P 500 retests 4,000 below its August highs.
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