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Weekly Market Recap: Upside Breakout CONFIRMED! How High Will The Market Go?

Wealthion - Be Financially Resilient

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Is Powell Trying to Tighten Financial Conditions?

The most recent number we have is 6.7%. Yes, it's coming down. But that's still a really high CPI, right? And PCE, which the Fed looks at even more, is still pretty elevated here. If you keep running inflation where it is right now, we're going to be 2, 2.5% by the end of the year. The Fed wants people to be more fearful. He wants a control burn and asset prices. So, yeah, I certainly expect next week that he delivers some pretty harsh language,. A little spanking for the markets would not be surprising.

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