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Analyst “Dennis Gartman” said that the US stock market may face increased pressure in 2022 that will result in significant losses in the coming months.
Gartman added that these losses and pressures will result from the Federal Reserve tightening its monetary policy, as expectations indicate that the US central bank will raise the interest rate four times this year.
In an interview with Bloomberg, he indicated that US stocks are facing losses ranging between 10% and 15% this year, at a time when the rate of inflation is increasing.
It should be noted that inflation in the United States rose to the level of 6.8% during November, the highest level in nearly four decades.
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