MM102: J.P. Morgan's $1trl target & why good data is bad news for stocks!
Market Maker
00:00
The Fed's Preferential Inflation Figure PC Revised Up
The US economy is actually firing. We were expecting the economy to turn and that feed into all that narrative about the Fed stopping their hikes, but it hasn't turned. That's why you've seen some pretty decent downside in a lot of these markets. If we continue to get strong data, then I do think that you will see a slightly different Fed than we saw back in January. The Fed were very dovish in January, and I think they're probably going to reverse that to an extent, their next meeting.
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