Despite Market Pain, Macro Environment Remain Intact

For those who trade more actively or have a lot of portfolio turnover, it’s easy to get immersed in the minutiae of the chart and lose sight of the important macroeconomic drivers of the market – i.e., growth, inflation, liquidity. All three – stable growth, low-to-moderate inflation, and ample liquidity all remain in place.

At the moment, the US is...

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