The Fed will likely get a bad reaction if they raise 0.5% on Wed or 0.75%, as the market realizes they are SO behind the curve on inflation. Don't forget, they need to taper all their borrowing assets (roll over) and that causes pain too.
A recession is going to be baked in the cake very soon, and that mean S&P 500 could go to 3400, and even 3200........and possibly lower.
Will we see any credit issues start to blow up? Stay tuned.
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