Quick one from the guide ahead of the final session: "Quantitative Easing" vs "Quantitative Tightening" — when the Fed cuts rates (QE), money is easier and markets tend to run. When the Fed raises rates (QT), money tightens and markets get choppier. In 2022's QT, the S&P fell 18%. In 2020's QE, it gained 16%. Worth knowing which environment we're actually in before trading.
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