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Assuming the July Fed rate hike was the last one in this cycle, it’s worth looking at the history of rate cycles finales and market performance in the 6m and 12m aftermath … in keeping with the old adage of “analysis of an average leads to average analysis,” heed the small… pic.twitter.com/vRZK5Fg5bt

— Liz Ann Sonders (@LizAnnSonders) November 1, 2023