Powell: Hawk or dove vs. S&P 500 support at 200-day average?
Namely: What will U.S. Senator Elizabeth Warren say about Powell’s “pushing hard to get more people fired” as he continues to aggressively fight inflation.
Back in September and October, we were looking at the June lows as key support for the markets. At that time, expectations for 12-month forward earnings were around US$223 and 10-year Treasuries were around 4 per cent like we see today.
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