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Is the Fed on the verge of sparking a stock-market ‘melt-up’?

Mark DeCambre
Is the Fed on the verge of sparking a stock-market ‘melt-up’?

The Federal Reserve is almost certain to cut rates at the end of July — but don’t expect a melt-up, usually marked by a powerful rally followed by a substantial selloff, says Mark Haefele, global chief investment officer at UBS Global Wealth Management.