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June 2023
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I’m troubled by this chart

Is a crash imminent?

(graph courtesy of Cumstock Partners)

Abby Cohen on market outlook

Ms. Cohen thinks the Fed will initially purchase $500 billion Treasury securities, a rather gradual approach.

With the Fed’s money printing…

She also thinks the market is currently undervalued.  The fair value of S&P 500 should be around 1275.