Australia’s Fed Reverses Course, And Markets Rally (But Don’t Get Suckered In) – Don’s Daily Brief
The Reserve Bank of Australia slowed rate hikes. And markets seem to have taken that as a sign that every central bank will reverse course as well.
Some may, but the US Federal Reserve won’t — and equity markets are going to be be sorely disappointed.
► For today’s pick, we’re betting on a reversal of this rally. Short the S&P with SDS. Watch the video for details.
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