Fed Meeting Does Not Change Outlook — Fade Any Rally

FLASH COMMENTS:

Today’s Fed meeting, 75bps increase in the fund rate, and the post-meeting press conference by Chair Powell does NOT change my outlook at all. 

My research suggests that we are in the early stages of a negative earnings revisions cycle that is not priced into equity markets and thus my views are not impacted by today’s Fed news.  

My work is also signaling that the underperformance of Growth/High Multiple/Low-to-No Profits stocks that have t...

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