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The Fed Put Is Still Very Much In Place

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ValueWalk

In hisDaily Market Notes report to investors, while commenting on the Fed put, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more Omicron owns the headlines today. Will it make the Fed (Jerome Powell speaks to the Senate Banking Committee this morning) change their tapering plans? Will it slow down holiday mall traffic? Will it postpone travel plans? Will it subdue reopening momentum significantly? Will people project that this might be the first of a long series of breakthrough variants and alter long-term plans? Mind The Treasury YieldsWhile all this sounds a bit extreme…

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