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Jackson Hole: Drifting toward Powell's message
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Bearish on the NASDAQ

If Biden wants to vote, he needs to control circulation.
If we want to control inflation, we need to cool down the economy.
If we want the economy to cool down, we need to control liquidity.
The fastest way to reduce liquidity is to hike+downsize interest rates.
So no matter what Lao Bao says tonight, the main axis will be interest rate hike+downsizing.

Let's be bearish first~
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