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4min chapter
Is big tech back?
Goldman Sachs Exchanges
The Fed Hitting Cycle: Shouldn't We Follow That Playbook?
Ben: Historically, when the Fed stops hiking, the equity market goes up. He says tech has about a 50% hit rate of outperforming when the Fed is done. Ben: If we get back into a runaway inflation environment, it's just going to be a difficult environment for tech who learned in calendar 2022.
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