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Traders work on the New York Stock Exchange floor in New York City on Friday, May 20, 2022. (AP Photo/Ted Shaffrey)

AP
  • Updated

Traders work on the New York Stock Exchange floor in New York City on Friday, May 20, 2022. (AP Photo/Ted Shaffrey)

As for the future of the markets, I am sticking to my guns. Stocks will remain in a box until after the March 2022 meeting of the Federal Open Market Committee. That means we could easily test the lows of January 2022 again, either before or after the Fed hikes interest rates.

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It has been a bumpy week for stocks, and it could get worse if you believe the headlines of the financial press. The issue I see is that just about everyone is expecting a nasty period ahead for equities. That makes me somewhat bullish.

Berkshire Money Management CEO takes a break from delivering personal protective gear to a nursing home in Williamstown. "Allen is so firmly r…