Location : Wabbit Hole
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|Subject: The Fed is embarking on a path that usually ends with a recession Mon Mar 06, 2017 1:11 am|| |
|Stocks are at record highs.|
And while the Trump administrationís early days have been filled with internal political chaos, the marketís reaction has continued to remain positive.
On Wednesday, when U.S. stocks had their best day of the year, the popular SPY ETF (SPY), which tracks the S&P 500, saw $8.2 billion in new inflows, its single-best day since December 2014.
But something else happened on Wednesday that should have equity bulls quite a bit more concerned: markets got behind the idea the Federal Reserve will raise interest rates in March and, perhaps, be more aggressive about raising rates in than previously expected.
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