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Doomberg Adam Taggart Herb Greenberg

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Show Notes

Summary of the day

How did we finish? Just like yesterday. Massive selloff impulse into last 10 min. This is controlled selling. You have been warned.

My lie detector is still working pretty good

How is breadth doing since 2pm? While mkts bounced, you could have known the true intentions.

On Tue apparently the selling was attributed to Fed head Chris Waller who dissapointed markets with projecting only 3 rate cuts vs 6. How juvenile. It is akin to children begging for sweets.

"This view is consistent with the FOMC's economic projections in December, in which the median projection was three 25-basis-point cuts in 2024".

This morning Lagarde (ECB) warned that market expectations weren’t