Every headline in the media will likely say that the cause of today’s selloff was the release of the FOMC minutes, where the Fed basically said that they see no more rate cuts in the cards, inflation is creeping higher, and GDP growth will likely be slower.But these aren’t really new revelations. We already knew this. There is a saying in the market that the ’news breaks with the cycle’. I have been saying for over a week that the market was due for a correction, and that I was waiting before putting any cash to work.So today, the market was already [...]
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[Source: The Money Blogs]
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