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Stocks rallied this week due to a number of factors but there were three, in particular, that stand out: Inflation (and interest rates) could be in the process of peaking, the Fed’s hawkish forward guidance appears to be doing the same and earnings season is now over. Determining whether the bad news on these three fronts is, in fact, over or is just seeing a temporary lull should help in determining whether the current rally in stocks is sustainable or not.
Read the full report here.
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