20 Jun RIP bear market?
Posted at 06:37h
in Insights
So long as the economy and earnings surprise to the upside — so long as they slow down more slowly than expected — stocks should keep their impressive momentum
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Jun 20, 2023 / 12:07 PM IST
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Jun 20, 2023 / 12:07 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
It might be useful to take a level-headed argument for and against declaring the bear dead.
(Getty Image)
Robert Armstrong and Ethan Wu
Good morning. We’re back from the Juneteenth market holiday, just in time to see Jay Powell appear before Congress tomorrow and Thursday. It’s always a bit of a clown show when the Fed chair goes to Capitol Hill, but this time the circus might matter. The Federal Reserve is reaching a decisive point in the tightening cycle, when the trade-off between jobs and inflation should sharpen. Political pressure could nudge Powell, but which way? Send…