CB members may or may not be dumb but they are totally removed from the working class/businesses affected by their policies. It would be nice if they could target rates towards one type of debt or another. Blunt tools. I hope no one is hoping for some sort of finesse. Path of least resistance is still down. Could finally see some sort of capitulation on FED decision. That would allow markets to rise during strongest months, albeit from a low base. It will probably only be a bear market bounce but big in % terms. Its all in slo mo. Takes time.
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