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re: US CPI data release today
Posted on 2/15/23 at 2:37 pm to molsusports
Posted on 2/15/23 at 2:37 pm to molsusports
quote:
The "don't fight the Fed" language used to rationalize the escalation of value from March 2020 onward should have lead to values decreasing from November 2021 onward if the Fed actions were really determinative of market valuations.
Where have you been?
The Nasdaq - home to most of the overvalued stocks - is down 25% since 11/21. It was down over 35% at peak longer term rates back in October.
Don’t fight the Fed is still alive and well.
1
Posted on 2/15/23 at 5:44 pm to slackster
quote:
Don’t fight the Fed is still alive and well.
We have been enjoying a big technical based rally for the last five months while the fed continues to hike.
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