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Also what can the FED do? If they put a hold on rate hikes. The market will soar but that won't help inflation and could even make it worse.
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Only 2 good things that can happen to help the market. 1) A cease fire 2) Powell says he's going to help the market. Here are the problems with that. 1) You are expecting Putin to chill. Not a great bet. 2) FED is always late to the game. Always come in after drops never before