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GoodGuyDrew t1_j6fzvzi wrote

Reply to comment by acneadjr in The case for recession & why retail spending is now more important than inflation. by acneadjr

The hard data will definitely tell us plebeians when the tides have turned. But by then, big money will already be on the other side of the trade.

I’ll keep focused on the data for long-term prospects, but I think Fed “tone” and market whim will dictate movements day to day and week to week for the rest of 2023. So as per usual, I’ll just be hoping to get lucky 🍀

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Moist_Lunch_5075 t1_j6gydog wrote

>big money will already be on the other side of the trade

If 2020 taught us anything, it's that capital flows matter and the economy basically doesn't.

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