
With Fed QT (Quantitative Tightening) running at a pace of $95 billion a month and the Treasury forecasting its cash balance to rise by $200 billion into year end, that amounts to a squeezing of liquidity that alone implies an 8% drop for the S&P 500 by the end of December, according to their model.
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Phillips 66 Under Siege: Activist Investor Elliott’s Proxy War Heats Up With Explosive Lawsuit!
In a rapidly evolving proxy battle that has caught Wall Street’s attention, activist investor Elliott Investment Management has intensified its campaign against oil refining giant Phillips 66.
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