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Federal fund rate increases overlayed on SP500

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Just thinking through the different Fed Scenarios here...don't really see a path to lower rates anytime soon. Fed does not typically make decisions from one month data samples (Nov CPI), if GDP comes in stronger than expected, PCE comes in stronger than expected, CPI comes in stronger than expected which are all reported prior to next FOMC meeting maybe the market is getting toward the end of what appears to be a bear market rally.
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