The ‘Fed put’ is dead

“Is this it? Is this the start of a 10-15 percent correction?” asked Dana, a client of mine. At the time of the question, the S&P 500 was down just about 5 percent from its recent high. Trying to sound empathetic and not cavalier, I shrugged and said, “Maybe.” I gave her the stats —…

By Allen Harris
January 24, 2022

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