FED Double Whammy to Kill S&P Rally?
The FED has failed to follow through on its own plan for quantitative tightening and the market seems to be betting that it won’t happen any time soon.
A slightly better than expected CPI figure was enough to send the S&P higher again, but Rob notes this is still not on convincing volume.
In addition to interest rate hikes, will the FED actually hit the market with a double whammy in September and wind up QT?
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