The Transition.
The Transition from the primary market driver no longer being the expectations of what Fed interest rate policy will be and instead turning to tangible, evidence-based economic growth and inflation levels officially began last week with stocks trading on the back of growth and inflation perceptions rather than just reacting to Fed rhetoric like obedient lemmings.
That’s something that will likely continue and intensify moving forward into 2023, as investors search for the answers to the two key questions:
1) How fast will inflation decline?
2) How bad will the economy get?
The whole key to…
The skinny
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