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Afternoon Note

Slow Our Roll

By Charles Payne, CEO & Principal Analyst
1/19/2023 1:17 PM

Tons of economic data in the last two weeks, and outside of the labor reports, it been ugly.  This morning’s housing starts and permits swooned.

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On top of these developments, it appears a sense of restraint is washing over the Federal Reserve, as more members are saying let’s slow our roll.  Brainerd and Williams are going to speak later today, as well.

Go Slower on Rate Hikes

Member

Voter 2023

Harker

Yes

Logan

Yes

Collins

No

Still, the market is lower, although, not in panic mode. 

The VIX is higher, which means investors are less complacent – the next resistance point is 24.

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