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This article was written by Daniel Sesay, Chief Market Strategist at The CityTA
It feels like a re-living of 2015, hearing all this talk of rate hikes. In October last year, we watched several billionaires with their expensive financial advisers and hedge funds lose 25% of their wealth as the S&P500 collapsed to new lows taking their portfolios with it.
To many it did not appear so obvious that the Fed was going to raise rates by at least 25 basis points despite Yellen time and time again preparing the market for this action. Here we are in 2016, denying the ... (read more)