to understand. It's why you were stuck and the voters went with someone smarter.
The markets are doing great despite Powell withholding indicated rate cuts that he gave to Biden when not indicated (such as when he claimed the inflation was transient and gave an unindicated rate cut for Biden), and even just months before the election to help him. In other words, Biden's market gains were on the backs of 4 companies and a new technology industry along with artificial support with Fed rate cuts,. This market will cook once the Fed does what any reasonable Fed would do.
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