A Giant Rat: The Market’s Unexpected Trick or Treater Last Thursday night, we saw vampire bats overhead as we thought about the possibility of stagflation-the terror and awe of it. Early Friday, a better than expected GDP of 2.9% helped boost the market. Fears of stagflation apparently abated. Then, by midday Friday, a rat of Gulliver’s proportions rolled in. Quick to analyze why it grew ginormous, investors snared it, pinned it to a circuit board
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