Jerome Powell stated that we are in very early states of disinflation. "I heard nothing today from the Chairman unless people want to believe that the terminal rate is set in stone. The bond market today is not really telling us anything. I would not be buying into this market without any protection at all. There are a lot of shorts on the sideline and investors need to monitor the VIX or the Fear Index," says Scott Bauer.
Market On Close
07 Feb 2023
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