'Unintended detrimental consequences': A former Wall Street chief strategist says the Fed has driven flimsy stock-market highs that will come crashing down — and warns bullish day-traders will be futile to stop it

'Unintended detrimental consequences': A former Wall Street chief strategist says the Fed has driven flimsy stock-market highs that will come crashing down — and warns bullish day-traders will be futile to stop it

Business Insider

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· Peter Cecchini, the CEO and founder of AlphaOmega Advisors and former global chief market strategist at Cantor Fitzgerald, thinks the Federal Reserve has backed itself into a corner through the implementation of 0% interest rates and unlimited quantitative easing.
· Lofty market valuations and the emergence of a fickle...

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