Fed Fund Forecast

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 I believe the market will begin to digest the real possibility that its expectations of a Fed pivot are way off. If that happens, we’ll likely see downward pressure on stocks.

That’s what the chart below suggests…

The blue bars show the current projections for interest rates by year’s end. Most of them have ticked up since last week.

chart

If this trend continues – and I believe it will, at least for the next few weeks – we’ll likely see prices dip further.

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