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Stocks Tumble Into Red As Market Prices Out Dovish Fed

Courtesy of ZeroHedge View original post here.

Good news - ISM Services beat expectations.

Bad news – that means the market is anticipating less accommodation from The Fed. Now only 1 rate-cut by the end of 2020!

Source: Bloomberg

And that seems to have upset the bullish melt-up euphoria…

Source: Bloomberg

Finger crossed that we get more dismal data soon!

 

 


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