Degenerate Business School

Degenerate Business School


Bear Market Rally or Powell Pivot 2?

July 31, 2022

What do we make of this rally? Is it a 2005 Donovan McNabb pump fake? That is, a bear market rally? Or the beginning of a pivot to accommodative policy once more? On Wednesday Jerome Powell said, and didn't say, just enough to prolong a run up in ris


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