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Even Goldman Can't Believe It: "Did Powell Mean To Be So Dovish?"

Tyler Durden's Photo
by Tyler Durden
Saturday, Aug 13, 2022 - 06:00 PM

On July 27, we said that Powell's "data dependent" presser would be viewed by markets as very dovish...

... which in turn would spark a raging meltup as extremely underinvested hedge funds (both gross and net leverage near record lows) which would a furious performance chase, and send risk assets soaring.