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FOMO > FOMC: Is The Pain Trade Still Higher?
Is the pain trade still higher?
That'll be a key question going forward for ebullient US equities, which are riding a hot streak, up five weeks running, the best stretch since Q4 2021.
Stocks are trading at pre-liftoff levels, prompting some observers (where "some" means I'm not alone in arguing there's too much wealth floating around out there) to suggest Jerome Powell should lean into the market before the rally has a chance to seep into services inflation via the wealth effect-consumption n
well…I feel very sorry for anyone worrying about “less than 6 months to make your year,” … hopefully people feeling that way have support for a more patient and positive perspective…
. . . which they can seek at their next employer.
That’s the reality for a lot of professional investors. Everyone has a leash, it can be days, a quarter, a year, but it’s seldom multiple years.