Michael Burry says more PAIN in the market if Fed Pivots #michaelburry #stockmarket #stocks #fed |
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'Big Short' Michael Burry tweeted a chart comparing the Effective Federal Funds Rate with the S&P 500 Index in 2001 and 2002 with the note, "This time is different." "When the Fed finally does start cutting rates it's usually not for a good reason," wrote @AdamKiesel in an attempt to explain the significance of the chart. "It's because the economy is going down the crapper. Too many new investors think Fed pivot = Market higher. When the Fed shows up with water it's usually because there's a fire."
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