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Market Outlook

So we had a large failure and kneejerk reaction to yesterday’s Powell’s speech, supposedly to retail reports miss and who knows what else. At some point, the market was down 3%. What happened to JP Morgan’s prediction of a large rally if the CPI comes back lower? Now the market sits at the support, but I think this support will not hold. We may bounce tomorrow and recover all losses from today but on Monday we will see a renewed selling. So there are two options, one, this selling will continue tomorrow, and two, a bounce with Monday’s blood bath. In both scenarios, the market is heading lower.

Market Outlook

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