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Equity markets are selling hard in the wake of Friday’s US CPI. The prospect of higher Fed rates and a stuttering re-opening of China post-lockdowns is driving markets lower.
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.
The signs are turning positive for indices once more. Key resistance levels are being tested and a breakout would open a new recovery phase.
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