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Re: rolvram post# 66074

Saturday, 05/21/2022 5:13:20 PM

Saturday, May 21, 2022 5:13:20 PM

Post# of 88271
Propelled on hopes and dreams. The fed rates only increased by 50bp in May, and the market took a dump. They want to increase it to approx 3% by the end of this year. We are currently sitting at .75 - 1%. You do the math. Gowth / tech sectors are primed to take the brunt of the sell-off. Possibly could start to see a turnaround late Q3 into Q4. Only if inflation starts to drop and the Fed's rate hikes don't push the economy further down. Historically, a balance hasn't been found and the Fed's response has been too much causing more pain before it gets better.
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