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Fed Changes Tune

Please click here for a chart of Nasdaq 100 ETF ().

Note the following:

  • We have been very critical of the Fed’s intransigence of not facing the hard economic data that we have been sharing with you.
  • Now the Fed is changing its tune and moving to what we have been saying, a few months late but it is better to be late than never.
  • We are commending the Fed for giving up the intransigence but still, the Fed plans to move much slower than what is warranted by the data.