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The Case Of The Missing Stock Selloff
We "should" be looking at the smoldering wreckage of a meaningful equity drawdown right about now.
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The prospect of Economy Running Over-Warm + Fed Won’t Raise Rates = Porridge Just Right for equity investors in the short term . . . now we need earnings and econ data to stay consistent with that over-warm economy. If not, then the porridge could start tasting hold-and-cold at the same, which is more like icky Stagflation Soup than tasty Hot and Sour Soup.