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Saturday, August 13, 2022

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Reprise: Why The Upcoming Rise In Interest Rates Will Be The Fed’s Last Hurrah

The equity market rally this week (ended July 22) looks to us to be a “Bear Market” rally supported by short-covering and the mistaken belief that a soft landing is possible and a recession avoidable. The DJIA closed up +2.0%, the S&P 500 +2.6%, the Nasdaq +3.3%, and the Russell 2000 +3.6%. Still, …

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