Model switches to CASH/NEUTRAL.
Bullard's view that tapering should begin runs counter to Fed Chair Powell's view that the U.S. economy has not yet recovered sufficiently. We also have multi-trillion dollar spending packages on the way. Expect a tug-o-war to ensue as it has many times this past decade, thus more rip tides for the stock market.
Market Direction Model - Model switches to CASH/NEUTRAL on July 15, 2021
|Published:||15 Jul 2021 09:44 ET|
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