Steve Gallagher
Steve Gallagher
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People become addicted to the high of pornography and sexual activity in the same way that others become addicted to the high of alcohol or drugs.
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The housing numbers were weaker than expected and that's two months in a row. Maybe we're finally getting a sign that housing is moderating a bit.
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Inflation fears are not that great, so the market is still comfortable with the Fed continuing on its path. Investors are betting on more of a flattening of the curve.
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There is a question of steady increases or taking a pause. I think this data supports a pause, but we still have two more employment reports to consider before the December FOMC meeting, so it's not over yet,