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Classic ‘late cycle’ behaviour
Market reaction to 'correction'
As inflation fears build
Janet Yellen's last meeting as chair
S&P 500 and Dow Jones both down
US Treasury yields hit 2.73%
Moderate inflation
Up to 1.25-1.5%
Positive data v negative narrative
'Indications of irrational exuberance'
06 February 2018
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3 min read
