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Another sell-off has taken Wall Street to levels not seen since April 2021. The bulls are attempting to rally this morning, but rebounds have struggled recently. Meanwhile, the USD is consolidating.
The recovery in risk appetite that began last Friday has continued to develop in the first half of this week. This is ushering in a near-term unwind of USD strength and recovery in equities.
After a huge wave of selling pressure a bear market rally is threatening on indices. However, rallies in 2022 have tended to be short-lived.
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