This week we discuss about the recent announcements by Fed and ECB, reiterating that there will be more hikes, for longer time and the peak rate levels will stay in place for more than previously thoughts. We will also discuss about reported earnings and their impact on stock markets. Finally, and perhaps most interesting, we will take a look at what typically happens when the Fed pauses, and such pause (normally a bullish signal for the stock market) overlaps with a recession.

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