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Friendly Fed continues to support Fab Five

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The Fab Five Sentiment Component has been bearish 70% of the time this year. However, the Monetary and Combo Components have been consistent offsets, while the Tape Component has been stuck in neutral. Assuming inflation remains on its downward trajectory, the positive monetary message should persist for much of 2025.

Ned Davis Research | NDR Hotline | Insights | 3X Weekly

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