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U.S. stocks continue to ignore the indicators’ rally—we need to take a serious look at the Federal Reserve’s projected trajectory.
In June, it remains unchanged at 96%—it’s basically a foregone conclusion.
In July, it remains unchanged at 91%—no way it all goes off the rails.
In September, it remains unchanged—today it’s up to 81%; in this kind of situation, there’s even less chance of a rate cut.
For the upcoming policy, if they don’t raise interest rates, it’s basically an all-clear for going long.