As we all know, soft landings are incredibly hard to achieve... And all it takes through the journey, is one small stone that will start an avalanche. Based on a series of early indicators, it is a well possible scenario for the inflation, to finally show up again in March - which might lead data-dependent FED to quickly adjust its stance on monetary policy. The basic scenario for a correction, I operate with, lays between 10% and 20%. However, based on a whole market analysis, there's an unspoken possibility for an event that would shake the markets, and have wide-spread and long-term consequences.
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