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Fed hikes rates, stocks surge!

Summary:
This is as I expected. Rate hikes have already been priced in. And many don't understand what rate adjustments are. Too much myth and misunderstanding surrounding monetary policy.

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This is as I expected. Rate hikes have already been priced in. And many don't understand what rate adjustments are. Too much myth and misunderstanding surrounding monetary policy.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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