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VisualMod t1_iu9lc5f wrote

>The S&P 500 Index is a broad measure of the stock market and is often used as a proxy for the health of the U.S. economy. The index includes 500 large-cap stocks that are widely held by investors, including pension funds, insurance companies and mutual fund managers.

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anon57842 OP t1_iu9ltqm wrote

fed vs fundamentals

fed retreat to 3% target getting priced in, then shift in focus to earnings

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Goojus t1_iu9o8d5 wrote

Wait, are you serious? Is it priced in to the expectation that they would decrease it by .25?

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Joecalledher t1_iu9t3qg wrote

Fedfunds futures are not indicating that. At close it they were pricing a roughly 30% chance of a 50bps hike and 70% 75bps.

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[deleted] t1_iu9xppk wrote

[deleted]

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Joecalledher t1_iu9ywwf wrote

Also, I don't agree that any of these rate hikes are priced in. Market rallied on hopium and opex to the 20wk average. There's still a lot that needs to come out of risk assets before a 4.75-5.0 fedfunds is priced in.

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Joecalledher t1_iu9yj66 wrote

Those numbers are accurate now. I looked between 4-5pm in NY on Friday and it may not have been updated.

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anon57842 OP t1_iu9xa6u wrote

3% long term inflation target

graceful way to fold without necessarily abandoning short-term rates

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