Fed falters= bounce
- stephenfeid
- Oct 21, 2022
- 1 min read
The Fed raised 75bp and says they will see what develops from here. Elections coming so markets take it as the end of tightening. We think not. Only a bounce in an ongoing downtrend. Here's last weeks SPX chart we sent to clients telling them to expect a bounce to 3800, possibly to 4000 before we go lower again.
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