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2022-01-30
The Fed is Pumping Crude and Suppressing Bonds
For whatever reason, the Fed is still buying asserts at a $100 billion monthly clip. When they finally stop, crude should tumble or the 10-year yield will pop about 1 percent. All stock market rallies are technical until the Fed finally tapers and/or crude oil declines. If crude doesn't decline, then lights out for the stock market.
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