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Buy the dip is back in style
The S&P 500 is still down 13 points but given that it fell more than 40 earlier, that's an impressive rebound and a strong showing for the bulls. That's especially true given relentless buying since late May.The market is coming around to something I've been writing since the start of the year: The US consumer is strong and the 30-year fixed mortgage is a US superpower. Moreover, 5.00-5.25% Fed funds might be a headwind now (and for the remainder of the year), but that's 500 basis points of room...
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Posted: Jun 20 2023, 17:58
Author Name: forexlive
Views: 110264