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Here Comes ‘Britcoin’

The Breakdown

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Fed Chair Jerome Powell's Interview With David Rubenstein

Jerome Powell attended the Economic Club of Washington on Tuesday for a sit-down interview with David Rubenstein. He didn't walk back comments on financial conditions still being tight, even though it appears to the market that they've gotten much looser. The S&P 500 first rose by 1.64%, dropped 1.81%, and finally pumped by 2.16%, closing the day up 1.29%. All in all, I think this is a big vote for my argument last week that Powell firmly has his soft landing in sight, and that's where he's steering the plane.

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