The last 5 days now suggests that the market is about to absorb rate hikes and inflation as long as it stays below a Fed Fund Rate of 6%. Today seems just another reminder that inflation is real, here to stay and accepted by business and profitable. I guess they see this as th 80's when profits and inflation went up. Watch the difference between then and now where the last 40 years has proven profitable to make risky bets at a low borrowing cost and predictable increase in asset classes.
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