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Closing Bell: Are Rate Hikes Working? 3/3/23

Closing Bell

00:00

Is There a New Bull Market?

I don't see it possible that we're in the beginning of a new bull market. The Fed is still raising rates, you have an inverted yield curve and multiples are high. I think we have a ceiling on equity prices because the Fed doesn't know the terminal value. Nalcom: If the Fed decides to go 6% plus, the professor loses me a little bit.

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