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"You're starting to see some of the fingerprints of tech overcrowding," says Garrett Melson, though he sees the rotation underneath as a positive for momentum. His concern lies in sticky inflation and price increases pointing the Fed toward interest rate hikes. Garrett explains how both topics complicated a widening K-shaped economy.

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Tech Overcrowding & Fed's Inflation Views Add Pressure on K-Shaped Economy

Schwab Network

Tech Overcrowding & Fed's Inflation Views Add Pressure on K-Shaped Economy