I would think Fed will keep to the 75 bps instead of trying to whack hard with 100bps. The reason for my guess is because inflation numbers seemed to hv flattened (though last mth's number is a mere 0.1% increase). I would think this round they'll still go for 75bps and monitor for next cycle. With this, i reckon the market likely will stay ard 380 +/- even though i personally hope for a fall to 365 so that i accumulate SPY [Grin]
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