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This is all based on speculation. The Fed’s job is not to to cater to the stock market bulls, their job is to exercise what they think is sound monetary policy. Powell’s goal is to slow inflation, & when his policy sets in, projects made possible by cheap money will be abandoned.
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Here’s why the stock market is a ‘hot mess’ — and how January could calm the chaosIt’s been a long, holiday-shortened week for stocks. Our call of the day says all of this chaos could clear up in January.
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