US Equity Markets reversed course and closed down -5% for the week on average. Risk gauges followed suit and closed in risk off mode. The selloff was largely a reaction to the Feds plans regarding rates heading into in 2022. They were very dovish because the economy will remain weak, The news of low rates for the foreseeable future spooked Mr. Market. Now that is a big change, (low rates =horrific price action) and if
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