Mega Caps Ugly Amid Stagflationary Data & Growth Scare
12:16 PM ET The market is in the midst of a growth scare (growth is decelerating as is evident by U.S. economic surprise indices), hoping the Fed put will kick in and the Fed will resume rate cuts (ironically, that’s the kiss of death). Meanwhile, we have inflationary data this morning. U.S. Home Prices accelerated…