It is likely that the Fed's turn to tighten the reins of monetary policy will lead to a further slump in speculative positioning - the mere anticipation has stalled the speculative reach on SPX and triggered preemptive tumbles in other assets classes. However, can the central bank afford to increase the weight of capital market performance while moderating the focus on its dual mandate? Not likely.
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Killy_Mel
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unlikely, agreed - especially with y/y PCE inflation below 1%