Is QT still occurring? The bond market seems to implicate it is. If so, considering current economic activity (unexpectedly) the equities may be ahead of themselves a bit. So I’ve gone to cash hopefully, to sidestep the unpleasantries.
“Is QT still occurring?”
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In the short run, perhaps. But I just can’t see TPTB allowing equities to tank prior to the November elections. That, of course, does not preclude a ST downturn in the interim.